Private Education Loans
Alternative Loans (Private Education Loans) are offered through private lenders and are meant to provide additional educational funding only after a student and his/her family has exhausted all other sources of funding such as federal and state aid. These loans are not guaranteed by the federal government and may carry high interest rates and origination fees. All of the loans require a credit check and most will require a cosigner if the borrower has little or negative credit history. Stevens is not permitted to recommend any specific lender/programs. Contact the lender of your choice for details about their program and application process. Make sure to understand your rights, responsibilities and benefits before you select a lender. A list of historical lenders may be found at https://www.stevens.edu/admissions/tuition-financial-aid/undergraduate-scholarships-aid/alternative-financing-options.