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Private Alternative Loans

Private alternative loans are managed through private lenders, issued in the student’s name, and require a co-signer. Eligibility, rates, terms, and conditions vary.

Eligibility and Interest Rates

Private alternative loans are managed through private lenders, issued in the student’s name, and require a cosigner. Eligibility, rates, terms, and conditions vary.

Applying and Loan Term Dates

The loan term date you chose on the private alternative loan application can affect the final approved amount.

Video: How Much of a Private Loan Should I Borrow?

Video: How Much of a Private Loan Should I Borrow?

A guide for parents to figure out how much of a private loan to borrow.

Lenders

The following is a list of lenders with whom Penn State students have conducted business in the past three to five years. Neither Penn State nor the Office of Student Aid promotes, endorses, or recommends any of these loan products or lenders.

Timing of Loan Disbursements

Plan ahead when applying for an alternative loan and be sure to complete all loan disclosures.

Applying and Loan Term Dates

The loan term date you chose on the private alternative loan application can affect the final approved amount.

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