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Private Alternative Education Loan

Private Alternative Education Loans help bridge the gap between the actual cost of your education and the amount you receive in federal student loans. Private lenders offer alternative loans, and there are no federal forms to complete. The federal government does not guarantee alternative loans. These loans may be more difficult to qualify for and can require a credit analysis to determine your ability to repay the loan.

Since federal loans generally offer better terms and repayment flexibility, it is wise to explore your eligibility for these loans prior to considering an alternative loan.

If you have general questions about alternative loans, you may contact your financial aid office.