Private Alternative Student Loans

Alternative student loans (private education loans through outside lenders\banks\credit unions) are available to assist students who are not eligible for the Federal Direct Stafford Loan (i.e.-interntional students) or who may need additional financing beyond the Federal Direct Stafford Loan to fund their education. Students may borrow up to the cost of attendance, minus other financial aid received. Loan approval is generally based on creditworthiness and ability to repay.

To apply, the student must be enrolled at least half-time as a matriculating student in a degree or certificate program and making satisfactory academic progress. The student is the primary borrower although a creditworthy co-signer is required if the student does not have a credit history of his/her own. The interest on most alternative loans accrues while the student is in school; however, it can be deferred in many cases until after graduation or when the student ceases to be enrolled at least half-time.

At the top of this page is a link to examples of alternative loans available—this list is not comprehensive. Students may choose to borrow through any lender, not just those listed below. Careful consideration should be made in determining the amount to be borrowed, taking into consideration the interest rate, possible fees, deferment option and repayment term of the loan. Apply online or over the phone. 


Financial Aid TV
Have questions about
financial aid?

Yellow Ribbon Veterans Program
Priority Filing Deadline
Education Tax Credits
Common Cent$
Arcadia University Financial Aid - Follow Us on Facebook