Private/Bank Loans ("Alternative" Loans)

Private loans may be a good option to help bridge the costs of education after a student has been awarded full federal grant and loan eligibility, as well as any scholarship or institutional aid offered.  

• FASTChoice is a tool that CSU provides in order to assist students and parents in finding private lenders to help them meet their educational goals. 

• Borrowing a private loan is a decision that should be made with careful consideration. However, FASTChoice helps you request the loan you determine is right for you by providing detailed information for various loans, as well as the terms and benefits offered by different lenders.

• Private loans can be borrowed up to the Cost of Attendance, less other aid received.  Schools are required to certify loan eligibility and enrollment in accordance with a lender's specific loan and borrower requirements.

• Private loans are now available to parents seeking an alternative to the traditional Federal Direct Parent PLUS Loan.  Parents are encouraged to compare the federal and private loan options and choose the loan that best meets their needs.

Helpful Links:

Federal versus Private Loans