Many different lenders are offering alternative loans, and one should consider applying for a private, alternative educational loan only after exhausting all other possible sources of funds. Each loan is different, so you should become familiar with the criteria, benefits, fees, and the margins above the index. If possible, the student should apply with a parent as a co-borrower; the co-borrower may reduce applicable fees and will lower your interest rate.

Be sure to maximize your federal loan eligibility before applying for a more expensive alternative loan.

Before choosing an alternative loan review the Tips for Borrowing an Alternative Loan.

Note that you may borrow a student alternative loan through any program that you choose.  The following list represents lenders from whom our students have borrowed during the past three years.