Alternative Loans

Alternative Loans are available to assist students enrolled in programs with high educationally related expenses. Creditworthy students may borrow from $2,000 - $20,000, depending on their cost of attendance.

You must demonstrate financial need, be enrolled at least part-time or better, and be making satisfactory progress.

Interest rates on these loans are variable, not to exceed the 91-day Treasury bill rates plus 3% at repayment. Interest accrued during periods of enrollment may be capitalized upon the request of the student.

Please Note: You must apply for loans. Receipt of a financial award letter indicating eligibility for a loan does not constitute application. Further information and applications for loans are available from the Office of Financial Aid. You can reach the Office at or by calling (305) 899-3673 or 1-800-695-2279.