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Alternative Loan Options 

Alternative loans are provided by numerous banks as well as by various other types of lending institutions.  Because the loans are not regulated by governmental agencies as Stafford loans are, the attributes of one bank’s loan program may differ significantly from those of another lender.  We encourage you to investigate the benefits of more than one lender before deciding from whom you will borrow.  More fundamentally, we suggest you realistically evaluate your need to apply for an alternative loan.  Many find that Stafford loans, which usually have less expensive borrowing costs, provide enough funding to cover their direct education charges.  Borrowing more than is needed to pay for tuition and books is highly discouraged.

While the College cannot recommend one provider over another, it does have a preferred relationship with Student Loan Funding and National City Bank.  You can connect to these lenders by clicking on the following links.  Information from other alternative loan providers may be obtained by contacting the provider directly.

More information can also be found here- http://www.mylendergateway.com/schools/ncstate/alternative.htm