Alternative Loans

Alternative loans: commonly referred to as "private loans" or "commercial loans". They are offered by banks and other private lenders to cover the costs of college not covered by financial aid.

Alternative loans are intended for students whose:

• student's financial aid doesn't cover the full cost of higher education or,
• student may not be enrolled in a financial aid eligible program or,
• student may not be eligible for financial aid for other reasons.

Depending on individual circumstances, a parent may also be able to borrow alternative loans to help pay for a child's college expenses.

There are many companies that offer alternative loans. As a wise consumer you should shop around and investigate what lender offers the best loan to meet your needs. You may choose any lender you wish.

In considering a lender you should look at the interest rates, repayment period, "reward" options, the quality of their customer service and amount eligible to borrow within specific time frames.  All of these considerations will help you find the best loan to meet your educational needs.

For more information and to apply on-line click Alternate Lenders.

Lakeview College of Nursing does not sponsor or endorse these companies.  This information is provided for your use.  This information identifies valid lenders offering alternative student loan programs.  As a consumer you should research your options and use your best judgement to choose a lender.