Private/Alternative Loans
Private/Alternative Loans
Alternative/Private Loans
É«ÀÇÉçÇø does not maintain a preferred lender list for private alternative education loans, nor are we able to recommend specific lenders. However, over the last several years, our students and parents have used the lenders found on the list provided in the link below to meet their education loan borrowing needs. Using ELMSelect, a service provided by ELM Resources, students and parents can compare and contrast the terms and conditions of each loan option and select a private education loan that best suits their financial circumstances. Students are not limited to the lenders appearing on the ELMSelect list and may choose any lender that best suits their educational borrowing needs.
This list is provided as a convenience as the choice of a lender always rests with the borrower. The Financial Aid Office will process private loans through any lender selected by a student, even if not listed here. Students have the right and are welcome to borrow with any private lender of their choosing and are encouraged to perform their own due diligence in seeking a private loan lender. In addition to this list, we suggest that you research federal credit unions (if you are a member) as many offer educational alternative loan products.
Elm Select allows students and parents to search for and compare private loan options. Type in "É«ÀÇÉçÇø" and select the type of loan option you need.
NJCLASS offers on supplemental loans to New Jersey residents attending an eligible in-state or out-of-state school and out-of-state students attending a school in New Jersey.