Student Financial Assistance

Student Financial Assistance

*Non-Federal Alternative or Private Education Loans 
Many lenders offer loans outside the federal loan program called "alternative" or "private" education loans. These loans allow you to borrow money to cover the gap between the cost of your education and the amount of financial aid you receive. Because alternative or private loans can have higher interest rates, may require payments while in school, and may require a cosigner, you should consider them only after you've exhausted all other sources of funding.