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 half 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.