Private (Alternative) Loan
Private (Alternative) loans are credit-based loans offered by a variety of lenders. These loans are borrowed by the student and require the student to have a satisfactory credit history or a creditworthy co-borrower. Students may borrow up to their LMU cost of attendance, minus any other financial aid they receive. Loan fees, interest rates, and repayment terms vary by lender, so please review all application information very carefully.
Please Note that :
1. The Financial Aid Office encourages all students to apply for university, state and federal financial aid programs prior to applying for a private loan.
2. Students are required to complete a Private Education Loan Applicant Self-Certification Form prior to receiving an alternative loan.