Alternative Student Loans

Alternative Student Loans are credit-based, consumer loans. Debt-to-income and credit scoring may be used in determining a student's eligibility. Co-signers are usually required.

Alternative Student Loan Interest Rates and Fees

Alternative student loan interest rates and fees are determined by the lender, and are only disclosed to the borrower.

In order to apply for an Alternative Loan at UCCS

• Complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility for other financial aid such as grants, Stafford Loans, and scholarships.*
• Have a completed financial aid file.
• Student must maintain satisfactory academic progress.**
• Choose a lender and apply for an alternative student loan. UCCS does not provide a lender list for alternative loans.
• Complete the Alternative Loan Budget Request form for first-time borrowers or previous borrowers.

Note: First-time borrowers at UCCS must come in and speak with a Financial Aid Counselor. The student will sign a disclosure form that states that he or she understands all available financial aid options, and that our office cannot advise a student on alternative loan companies, interest rates, processes or repayment terms.

*Students may apply for an alternative student loan without submitting a FAFSA, however, the student will not be considered for federal aid.

**Students failing SAP requirements may still be eligible for alternative student loans.