| Alternative/Private Loans|
Alternative student loans are non-federal, interest-bearing through private lenders. The alternative/private loan programs offer very competitive low interest rates loans and other borrower benefits.
Private loan applications may be completed by the student, parent, and/or family member. These loans are credit-based, so approval is not guaranteed and in many cases the student may need a co-signer. Approval criteria is established by the lender.
There are various alternative/private student loans available and it’s up to the student and co-signer to choose the one that is best for them.
HOW TO APPLY FOR AN ALTERNATIVE/PRIVATE LOAN:
Norfolk State University Financial Aid Office does not endorse or promote any specific alternative/private student loan lender or lending program. NSU does not discriminate against lenders and will certify loans from any private lender provided the student meets the lender’s eligibility requirements.
NSU has selected FastChoice as a one-stop resource for NSU students and their families. FastChoice is an interactive Website comprised of lenders that NSU students/parents have borrowed from recently. FastChoice serves as a loan comparison tool. FastChoice will assists borrowers in selecting a loan that is best suited to meet their needs.
Students may borrow with any lender offering a private education loan, and are not required to borrow with any of the lenders on this site. The link for FastChoice is provided below:
Please allow 3-5 business days for processing upon receipt of information from lender.