Alternative Loans are educational loans through a private lender. A credit check and a credit-worthy co-signer may be required.
Waynesburg University recommends that students and families consider an alternative loan only after they have exhausted their loan eligibility under the Federal Direct Loan Program.
Selecting an Alternative Loan Lender
You may choose any lender when borrowing an alternative loan. You should do your homework and select a lender and a loan that best suits your academic and financial needs, since there may be differences in interest rates, fees, credit evaluation, academic progress requirements, repayment terms and borrower benefits.