Alternative Financing Programs
In addition to federal student loan programs, Neumont students may apply for alternative loans to cover authorized educational expenses. Eligibility criteria, loan limits, interest rates, and repayment terms may vary from one program or lender to the next. Since the federal government does not guarantee alternative loans, we recommend that students use this type of funding only after exhausting eligibility for the federal loan programs.
A listing of all alternative loan lenders used by Neumont students in the past three to five years is indicated below. You can find information about interest rates, fees, repayment terms, and application instructions by visiting the lender websites:
Neumont does not endorse any specific lender and the student is free to borrow from any participating lender. Be sure to compare benefits and select the program that best fits your borrowing needs.
If a student has exhausted all other sources of financial aid (both federal and private) they may apply for a college-funded loan, which is serviced by an independent company called Tuition Options. These loans are not guaranteed by the federal government and may be subject to credit approval as well as consideration of additional factors including the availability of funds and the academic qualifications of the applicant. The amount that a student may borrow under this alternative loan program is limited by the federal guidelines that establish the amount of financial aid for which the student is eligible.
More information about alternative loan programs may be obtained by contacting the Office of Financial Aid.