/Institutions/Neumont-University/json/2013-2014/Catalog-local.json

/Institutions/Neumont-University/json/2013-2014/Catalog.json

Alternative Financing Programs

Neumont University offers alternative financing arrangements to supplement Title IV financial aid. These loans are not guaranteed by the federal government and may be subject to credit approval. Some of these loan programs are funded by the University and are administered (collection of monthly payments, servicing of the loan, etc.) by an independent servicing company. The amount that a student may borrow under these alternative loan programs is limited by several factors, including the federal guidelines which establish the amount of financial aid for which the student is eligible, less the expected family contribution toward the educational costs and any other types of financial aid for which the student has qualified or may qualify. If a student has exhausted all other sources of financial aid, both federal and private, he or she may apply for a University-funded loan, which is serviced by Tuition Options. Application for this type of funding takes into consideration additional factors including the availability of funds and the academic qualifications of the applicant. More information about alternative loan programs may be obtained by visiting the Office of Financial Aid.