Private Alternative Loans
Private alternative loans are managed through private lenders, issued in the student’s name, and require a cosigner. Eligibility, rates, terms, and conditions vary.
The loan term date you chose on the private alternative loan application can affect the final approved amount.
A guide for parents to figure out how much of a private loan to borrow.
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.
Plan ahead when applying for an alternative loan and be sure to complete all loan disclosures.