Sometimes federal aid is just not enough. There are other types of student loans you might want to consider.
Most families rely on federal aid to help pay for college. But what do you do if it’s not enough to cover everything your student needs? How can you make up the difference between what’s covered by government funding and the costs of studying? Other types of student loans, such as private or alternative loans, can help make ends meet.
About Alternative Loans
Alternative loans are made by private lenders, such as banks or credit unions. Typically, these types of student loans are available to students (or co-borrowers) who have a strong credit score. With an alternative loan, you are responsible for paying the interest. These interest rates can vary between lenders. Some lenders may offer fixed interest rates, while others offer variable rates.
For Your Protection
Under federal law, Wingate University must certify your choice of lender and its guarantee agency. Wingate University does not have a preferred lender list; however, you can visit FASTChoice to review a list of lenders that our students have used in previous years.