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.
Eligibility, rates, terms, and conditions vary per lender. The lender listing contains a brief overview of eligibility for each lender; however, we encourage you to review each lender in greater detail.
Many alternative lenders will approve a loan for international students who have a creditworthy U.S. citizen or permanent resident as a co-signer. Contact the lender of your choice to determine if you are eligible.
Loan approvals and interest rates
Loan approval and interest rates are based on the borrower’s and co-signer’s credit ratings. Alternative loans are agreements between the borrower, cosigner, and the lender.
Be sure private alternative loans are the right option for you.
- Calculate your estimated monthly payment and total repayment amount
- Review your loan history for current loan obligations
- Budget wisely and borrow only what you need
- Compare private alternative loan terms