Alternative Loan Repayment
An alternative student loan is a credit-based consumer loan that can be used for any education related purpose. Terms and conditions for alternative loans are specific to the lender. Your promissory note will contain information about repayment terms and your interest rate.
When you graduate or drop to less than half-time enrollment status your lender will provide you specific information about your repayment amount and start date. It is very important that you ensure that your lender has your correct contact information and that you know how to reach them to ensure that your loan does not become delinquent. Student Financial Services can assist you in locating contact information for your lender if needed.
Last Updated: 8/2/2010