Loans

Private Alternative Loan

Alternative loans, also called private loans, are offered by lending institutions as an additional source of funds for higher education. These loans are not part of the federal government loan programs but they are good options after other financial aid sources have been exhausted.

Need an alternative loan? Financial aid staff at Western Illinois University has done the research to prepare a list of alternative loan tips. Carefully choose the lender that best meets your needs. Remember: borrow only what you need!

What to Look for in Choosing an Alternative Loan To determine the best loan for your needs, consider all of these factors in your evaluation.