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Private Alternative Education Loan

Private Alternative Education Loans help bridge the gap between the actual cost of your education and the amount you receive in federal student loans. Private lenders offer alternative loans, and there are no federal forms to complete. The federal government does not guarantee alternative loans. These loans may be more difficult to qualify for and can require a credit analysis to determine your ability to repay the loan.

Since federal loans generally offer better terms and repayment flexibility, it is wise to explore your eligibility for these loans prior to considering an alternative loan.

If you have general questions about alternative loans, you may contact your financial aid office.

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  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.