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Alternative Loans as Easy as
Request
Procedures:
- Complete a pre-approval with the lender. You must choose one of the
alternative lenders listed on our website if
you plan use an Alternative (Private) Loan to pay for educational
expenses at Louisiana Tech University.
- The lender will notify the school if you have been pre-approved and request certification.
- Before the school will considering certifying the alternative loan, we must have a completed
Free Application for Federal Student Aid (FAFSA) for the
current award year. (Exception: international student who is not eligible for federal aid.)
- We must also have a completed file with all required
documents in order to determine the cost of attendance.
- The school will check
eligibility
requirements. If the student is eligible, the school
will certify the loan up to the cost of attendance minus other
financial aid.
- The loan must be certified within an
active loan period and must be disbursed prior to the end of the
quarter.
- Any loans considered after the loan
period has expired must follow the Federal Family Education Loan
Program (FFELP) late disbursement rules.
- The school will not consider more than three
Alternative (Private) loan requests for certification per award year.
The Division of
Student Financial Aid reserves the right to decline to certify an
Alternative (Private) Loan at Louisiana Tech University.
For additional information
see:
What You Should Know
Alternative Loan
Lenders
Common
Eligibility Requirements
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