Alternative Loans
Alternative loans are private loans for students to help finance all or part of their cost of attendance at Southern New Hampshire University. Before applying for any of the loans, be sure you have exhausted all other means and have applied for need-based financial aid and have received a decision from the Office of Financial Aid.
The student is the borrower, and most often, will need a credit worthy co-signer. The student has the choice of repaying the loan while in school, paying interest only, or deferring payments until they are out of school (interest accrues). Interest rates can vary with different lenders, as well as fees. These loans are private loans specifically used for educational expenses and are limited to the cost of attendance.
The student is the borrower, and most often, will need a credit worthy co-signer. The student has the choice of repaying the loan while in school, paying interest only, or deferring payments until they are out of school (interest accrues). Interest rates can vary with different lenders, as well as fees. These loans are private loans specifically used for educational expenses and are limited to the cost of attendance.
Southern New Hampshire University suggests a number of lenders from which to choose from and will gladly process a loan from one not listed. We recommend that you select the one that best fits your financing needs and educational goals.
Things to consider when choosing a lender
- Repayment benefits
- Services available
- Credit criteria
- Co-signer options
- Interest rates
- Fee amounts