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Title IV School Code: 003658
  OSFS Home -> Funding Sources -> Loans -> Loan Programs -> Private/Alternative Loans
Private/Alternative Loans
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Alternative or private loans are available in cases where the federal or state loan programs are inadequate to help you meet your educational expenses. Generally, the interest rates on these loans are often not as competitive as the rates on the federal or state loans. International students and international Texas residents are common alternative loan borrowers.
An alternative loan provides funds from a private lender (bank) of your choice. Most alternative loan lenders require loan certification from the school in order to verify your enrollment and Cost of Attendance amounts.
Repayment Varies by lender.
Interest Rate Varies by lender.
Interest Subsidy Generally, no. You are responsible for interest that accrues from the date of disbursement.
Fees Varies by lender.
Credit Worthiness Varies by lender. You or your cosigner is subject to a credit check.
Completion Requirements To receive an alternative loan, you must:
Annual Loan Limit Up to the Cost of Attendance, minus other financial aid and resources.
 
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