| Alternative student loans are obtained from various financial institutions. They are not guaranteed by the federal government and interest generally begins to accrue from the date of disbursement. Alternative loans usually require a credit worthy co-signer. The student may borrow up to the cost of education less all other financial aid received. |
| Click here to view a detailed comparison chart on our preferred lenders for Alternative Loans. |
| Please review the following process carefully: |
| 1. To apply for an alternative loan with one of our premier lenders, link to the lender of choice and complete the application on-line. Although Fordham lists the preferred lenders below, you may choose any lender you wish. Please visit their website directly and follow the instructions provided. |
| 2. For information on choosing a lender, click here. |
| 3. After completing your loan application, your lender will review the application and complete a credit check. |
| 4. The lender will send Fordham University a request for certification of your eligibility status. |
| 5. Fordham will certify the loan request from the lender. |
| 6. The lender will issue final approval for the loan. |
| 7. All loans are disbursed in two disbursements. Once at the beginning of the loan period and once at the midpoint of the loan period. |
| 8. Upon receipt, the funds will be applied to the student’s account and any remaining credit balance refunded to the student. |
