Alternative Loans
If you need additional financial aid resources beyond the Federal funds you were awarded by completing the FAFSA, you may apply for a private educational loan (also known as an alternative loan) up to your budgeted Cost of Attendance (COA) . Most private loan providers require a good credit history of you or a co-signer.
There are many private loan providers and varying terms, interest rates, and fees. You are responsible for locating a private loan provider and choosing an appropriate loan product.
PLEASE NOTE: On many web sites, you will see references to the “Federal Stafford Loan” and “FFELP Loans.” These loans are the same as the Federal Direct Loan. Stafford Loans and FFELP loans are not private educational loans (Alternative Loans) and will not provide you with any additional resources other than what is already listed on your award letter as “Federal Direct Subsidized Loan” and/or “Federal Direct Unsubsidized Loan.”