Financial Aid Office


We encourage you to explore all of your Federal Direct Student Loan and Federal Direct Parent Loan options first.

Alternative Loans are based on credit worthiness and in most cases require a credit worthy co-signor. Alternative Loans interest rates, fees charged, repayment terms and repayment benefits vary between lenders.

HESC, New York State government website, will help you learn more about Alternative Loan providers.  Remember to call lenders, research their websites and ask questions.  Do your homework so you can make an informed decision.   


Tips for Selecting an Alternative Loan Provider

As you may know, there are different student loan providers from which to choose. The Financial Aid Office encourages you to carefully evaluate and research the terms offered by the lenders to ensure the best possible term for your personal circumstances. Treat the importance of these loans the same as you would for any loan (car, mortgage, etc.) you were to consider. Call the lenders, research their websites and ask questions. 

Consider the following when choosing a lender:       

Borrower based benefits - Be aware that loan terms can change yearly and repayment benefits are dependent upon specific borrower behaviors. Therefore, in order to retain borrower behavior based benefits, such as reductions for paying by auto debit and/or reductions for specified number of on time payments, you would need to specifically follow the loan terms in order to receive the benefit.           

Customer Service - When selecting a lender, it is important to consider the lender's level of customer service.