Office of Student Financial Aid & Student Employment

Alternative Loans

Alternative/private loan programs are designed to bridge the funding gap when savings, scholarships, grants, federal loans, and other resources are not sufficient. The private loans listed in this brochure are alternatives for students who are not able to borrow through the other federal loan programs or need additional funding beyond their federal aid eligibility. These loans require a good credit rating and/or a creditworthy co-signer. It is important to borrow responsibly and only borrow to the extent necessary in order to maintain a reasonable level of indebtedness. Contact the lenders for specific information regarding these loans.

Alternative Loan Program Chart (PDF File for download)

Click here to use FASTChoice, Great Lakes Higher Education Corporation's Loan comparison program. To find information on Alternative Loans, read the information regarding borrower benefits, then review the information under the "Private Loans" tab.

NOTE: This information subject to rapid change. Contact lenders for most up-to-date information. The University of Akron is not responsible for changes in terms of loans. Students should ask questions of the lenders and do their own investigation and evaluation of which of these or other comercial loan products best suit their individual needs.