Alternative (private) loans are available through commercial lenders to help cover educational costs during periods of enrollment. Approval is based on the borrower’s creditworthiness.

We strongly encourage students to first complete the FAFSA and explore all available grants and scholarship opportunities before considering participation in any alternative loan programs.

Students are also advised to compare interest rates and fees between federal and private loans prior to making a selection. Federal loan rates and fees can be found at: Federal Interest Rates and Fees | Federal Student Aid

To Compare private loans for your school and your degree. Find the loan rates and terms that meet your needs. Providing the most lender options with this free service and no registration. Please visit:

ELMSelect – St. Thomas University