Financial Assistance Information

Students whose financial aid awards do not meet their financial need may be able to borrow up to their cost of attendance from private student loan programs offered by banks and other lenders.

Alternative student loans typically require a credit check, and often a cosigner. Interest rates are usually based on the prime rate, plus a fixed percentage based on the borrower's or co-signer's credit rating. Repayment terms may offer a deferment of payment while the borrower is enrolled on at least a half-time basis.

Students with an alternative loan must pay their tuition charges when they register for classes. Registration will not be held pending payment, since alternative loan checks are mailed directly to the borrower.

Students who are interested in borrowing money via an alternative student loan program should contact the bank of their choice. There are many lenders who offer alternative student loans. Below are a few examples.

• Bank of America
• Sallie Mae Career Training Loan
• Key Career Loan
• Wells Fargo Career Loan
• Continuing Education Loan (TERI)