Alternative educational loans are non-federal loans offered through banks to supplement financial aid awards. CVCC is required to certify these loans to ensure that the loan amount does not exceed the cost of attendance less all other financial aid. Most alternative loans are disbursed equally into student accounts according to enrollment plans. If you decide that an alternative loan is right for you, you may borrow from any lender that you choose. When choosing a lender for an alternative loan, we encourage you to consider the following factors:
To apply for a private loan, visit our FASTChoice Private Loan page.
DISCLAIMER: CVCC does not maintain a preferred lender list. The College does not have any agreements or relationships with any lenders and does not receive any benefit, financial or otherwise, from the use of alternative loans by students.
If you apply for an alternative loan, the lender is required to obtain a signed self-certification form (PDF) from you. The self-certification form is intended to promote “informed borrowing” by educating borrowers about financial aid availability and encouraging them to seek advice from the financial aid office about other forms of aid before taking out a private education loan.
For assistance with completing the self-certification forms, please contact the Office of Scholarships and Financial Aid.
To view these (PDF) documents you may need to download Free Adobe reader at www.adobe.com.