February 12th, 2008
Alternative College Loan
An alternative to a student loan is considered any loan that is not through the federal program. With an alternative student loan you are seeking a private loan through a company such as a bank. A private loan doesn’t have to be a student loan, but any loan that is offering the borrower funds. This type of loan can help not only with college funds, but other expenses you may have. Typically an alternative college loan should be considered a student loan so that you get a break on the interest rates.