Since all of our students have different financial needs, we are glad to offer various options. Alternative loan programs may be used if a student needs additional funding, or if a student chooses not to receive Federal Aid. A FAFSA and VFAO interview are required regardless.

Click on the links below to learn more about private loans and apply:
Things to consider: interest rate, eligibility and repayment options.

• Parent PLUS Loan
  - Technically still a federal loan, but a popular after Stafford loan option. Only parents of dependent students are eligible. The loan entails a credit check and fixed interest rate at 8.5%, and the parent is primarily responsible for the loan and disbursement fees.
• Private Student Loan
  - These loans are for students enrolled at least half-time who are working toward a degree. High aggregate loan limits allow students to borrow enough to cover the cost of their education. Applicants for this loan must meet credit criteria and a cosigner may be required. Interest rates are variable based on the Prime Rate. Contact the Financial Aid Coordinator for more information on the availability of these loans.

Other private loan options are available through various lenders and banks. Contact the Financial Aid Office at 901.381.3939 ext. 208 for more information.