About Alternative Student Loans

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Alternative student loans are usually loans that a student goes out to get by themselves, without the help of the federal government. Find out how to get an alternative loan from a bank or lending institution with help from a financial aid officer in this free video on student loans.

Part of the Video Series: Student Loans
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Video Transcript

Hi, my name is Brooke Kramer and I am a financial aid officer at Argosy University in Salt Lake City and today I'm going to tell you about alternative student loans. Now, while alternative loans are loans that students go out and pretty much get themselves, it is not a federal loan. You go to a specific bank, banking lending institution and first find out if they will do alternative loans. Most alternative loans are based on students' credit scores. So your credit score will be checked and the amount you receive will be based on your credit score. If you have additional questions, you can actually go to the www.SallieMae.com. Sallie Mae is a top provider of student loans and they do offer some alternative student loans that you can apply for on line and see if you would even qualify fairly quickly. If you have any other questions, please feel free to check out our website at www.argosy.edu.

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