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Title IV Code: 008155

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What is an Alternative/Private Loan?

Alternative Loans are non-need-based loans borrowed through a private lender.

For students who do not qualify for Subsidized or Unsubsidized Stafford loans, or need additional funding beyond their Stafford loan eligibility, private loans are available. These are referred to as Alternative Loans and are borrowed directly from a lending institution.

Who should apply for an alternative loan?

Evergreen students who may have exhausted their Stafford Loan eligibility or are not eligible for Stafford Loans.

When should I apply for an alternative loan?

Students should apply for alternative loans as soon as they know that they need additional funding for educational costs.

How do I apply for an alternative loan?

Research, research, research.

Contact lenders online or by telephone.

You can...

  1. ...go directly to our Alternative Loan Online Information Site and follow the instructions to apply to the lender there of your choice, or
  2. if you wish to use another lender than those on our Alternative Loan Online Information Site, then research to find the lender that best meets your needs, and
  3. talk to the lender to make sure that this loan is right for you and
  4. call or go directly to the web site of your chosen lender to find application directions.

You will usually be notified within two weeks that the loan is approved, needs additional information (such as a co-signer), or is denied.

General information about how to get a loan.

Contact the Site Manager

 

Last Updated: Monday September 14 2009


The Evergreen State College

2700 Evergreen Parkway NW

Olympia, Washington 98505

(360) 867-6000