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You are here: Home / Types of Aid / Loans / Private Alternative Loans / Eligibility and Interest Rates

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

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.

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.

Make informed decisions

Be sure private alternative loans are the right option for you.

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