What are Alternative Loans?

Alternative Loans, also known as private loans, help bridge the gap between the actual cost of your education and the amount of your financial aid award, even after borrowing the maximum allowed in federal student loans. Alternative Loans are offered by private lenders and there are no federal forms to complete.

Who is eligible?

The eligibility requirements vary depending on the private lender. In general, loans are given to students based upon enrollment, class standing and an acceptable credit rating.

How do you apply?

Submit an application to the private lender (see PLU's list of lenders).

How much can I borrow?

Varies, but is limited to the gap between your financial aid award and the actual cost of education.