ÌÇÐÄVlog

If your financial aid package does not cover your expense, you have the option of applying for a private alternative student loan. Before pursuing a private alternative student loan, students and parents shouldÌýALWAYSÌýpursue Federal loans first or a tuition payment plan.

AÌýstudent may apply for an alternative loan from a number of lenders.ÌýPrivate alternative loan lenders will require a creditworthy cosigner.ÌýThis can be a parent, another adult relative, or other person who meets the lender’s requirements for the loan. A cosigner will be responsible for the loan if the student does not pay it back.

Payments can typically be deferred until six months after graduation (just like the Federal Direct Loans) and applications are most frequently completed online.

Steps to Alternative Student Loan Application

• Determine how much you will need to borrow; you can review your offer letter to assist you with this. The maximum amount you can request is located next to theÌýPLUS/Alternative LoansÌýsection of your statement of award.
• Choose a lender and selectÌýApply NowÌýto begin the alternative loan application process and complete a Master Promissory Note (MPN).

Preferred Lenders

* Lender List was determined based on pervious years’ volume. You are not required to use these lenders. This is not an endorsement, but provided for your convenience.Ìý

Sallie Mae Student Loans
1-866-972-5004

College Foundation of NC – NC Student Assist Loan
866-866-CFNC(2362)

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Other

*Beyond the recommended lenders listed above, a wide variety of loans and lenders are available. Students and families are welcome to search, compare, and select the lender of their choice. For multiple options please feel free to use this searchÌý

*Lenders are subject to change their terms and/or rates at any time. While ÌÇÐÄVlog attempts to keep the information represented in these tables as accurate as possible, it is the borrower’s responsibility to investigate the current benefits, fees, and terms of each lender prior to applying for a loan. ÌÇÐÄVlog cannot be held responsible for any changes made by a lender that are not reflected in this comparison.