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Alternative Student Loans

If other forms of financial aid are exhausted, such as scholarships and grants, then you can use loans to cover the remainder of your Cost of Admission (COA). On our website we discussed the Loan Borrowing Order:  Federal Perkins Loan - 5%  Federal Subsidized Stafford Loan - 4.29% (No interest while attending university)  Federal Unsubsidized Stafford Loan - 4.29% (Accrues interest while attending university)  PLUS Loan - 6.84%  Alternative Student Loans - Based on credit (typically a higher rate than federal loans)  When you are down to your last option, alternative student loans, there are lots of important things to keep in… Read more here!

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