Alternative student loans are privately funded loans that are NOT part of the federal student loan program. They are offered by credit unions and other third-party lending institutions and are designed to supplement federal financial aid awarded to students when it does not fully meet the funding needs of students. Each private loan lender determines the interest rates, fees, and eligibility criteria for the loans they offer, and many lenders also require a co-signer. All private loans require a credit check to be performed to determine eligibility.
We encourage students to borrow these loans only as a last resort after exhausting all federal financial aid and scholarship resources. Rocky Mountain University of Health Professions does not endorse any lenders, and you may choose whichever lender you wish.
SOME AVAILABLE PRIVATE LOAN TYPES
Mountain America Credit Union
Use the FASTChoice – Loan Comparison Tool to compare offers from:
– College Ave
– Mountain America Credit Union
– Sallie Mae
Read about consumer information, rights and responsibilities, and student loan repayment information.
Nothing on this website should be construed as authoritative financial advice. Your circumstances are unique, and you may want to consult a financial advisor. The author of this website is not a financial advisor.