Alternative/Private Education Loan

Type of aid:Loan that must be repaid
Award amounts:Students may borrow up to the full Cost of Attendance minus all other aid
Application process:The student must submit a loan application to the appropriate chosen lender 
Eligibility requirements:The borrower must be determined credit-worthy by the lender, and the loan amount must fit within the estimated Cost of Attendance minus other aid
Repayment:Repayment begins six months after graduation or break in enrollment. Interest is determined by the lender.
Renewal requirements:An application must be submitted annually
EFC eligibility requirements:All
Enrollment requirements:Half-time or more enrollment is often required for the student to be eligible for this loan. Some lenders may approve loans for less than half-time enrollment.
Grade-level eligibility:All degree programs
Costs this aid can cover:Any education related expense

Contact Info

Indiana Wesleyan University

Financial Aid Office
1900 W. 50th St.
Marion, IN 46953
800-621-8667, ext. 2516
Fax: 765-677-2030

FAFSA Code: 001822

Free Application for Federal Student Aid