UNO Alternative Loan Information

Alternative (also called private or supplemental) loans are loans made available by lenders to students who need additional funding to help with their educational costs. The Financial Aid Office at the University of Nebraska at Omaha does not require the completion of a Free Application for Federal Student Aid (FAFSA) but strongly encourages students to apply for and maximize their eligibility in Federal and State financial assistance (grants, work-study, Federal Stafford Loans, etc.) before applying for a Private Loan. A FAFSA may be completed on line at http://www.fafsa.ed.gov.

Before your loan can be processed, you must select a lender. There are many lenders that developed alternative student loan programs. For efficiency of processing, we have listed a few of those lenders below, with a short summary of some of the loan benefits they offer. We encourage you to visit their website for more in-depth information. Lenders on the list below have competitive rates, longevity in the marketplace, a good history of customer service, and have demonstrated a continued commitment to the federal student loan programs. Interest and fees typically vary depending on credit check and use of a consignor, and can change without notice. This is by no means an exhaustive list, and you are not required to select one of these lenders. If you prefer to use a different lender, you may want to contact the financial aid office for assistance. Remember that this is a loan that will need to be paid back. Additionally, alternative loans cannot be consolidated with your Stafford loans. Therefore, failure to obtain all relevant information now may lead to repayment problems down the road.

As always, when borrowing money, we encourage students to only borrow what they need for their educational costs. Remember that the more you borrow the higher your monthly payment will be which could affect your financial well being after graduation.

Listed below are some lenders that do Alternative Loans*:

Notes: Interest rates and Fees vary depending on credit check and use of a cosigner

*This information is intended to provide basic information of a representative sample of private, educational loan programs available as a supplement to federal student aid. The University of Nebraska at Omaha does not intend inclusion or exclusion of a specific loan as an endorsement nor the lack of endorsement. All information is believed to be accurate at the time of posting. However, potential consumers of these loan products should contact lenders directly for the most current and complete information before making a decision to borrow.