Financial Aid Resources
Alternate Loans
Home > Financial Aid Resources > Alternate Loans
Your financial aid package may include an alternative loan.
Private/alternative educational loans are not federally subsidized. They are loan programs funded entirely by private institutions such as banks.
You/your parents must qualify for these loans based on credit rating, grade level, or income.
You are not guaranteed to qualify for a private/alternative loan. It would be best if you met the lender’s qualifying criteria.