Private/alternative loan programs are available to assist students for expenses not covered through other financial aid. Widener Law recommends that students first attempt to access a Federal GradPLUS loan prior to applying for a private/alternative loan.
These loans require a credit check and students not able to borrow on the strength of their own credit may be offered a co-signer option.
A student may generally borrow up to their cost of attendance minus all other aid received. Interest rates on these loans vary (most change on a quarterly basis) and they generally have no interest rate cap. Students may elect to make interest payments while in school, or have the interest capitalized. Most lenders will charge a front-end or back-end fee to borrow the loan. It is important that a student borrower investigate both the interest rate and fee structure before choosing a lender.Please read: * Students are free to select any lender they chose. Students are encouraged to carefully review the provisions of the loan programs and what each lender is offering to insure that the loan will fit their needs before incurring additional obligations.