Alternative Loans

Our Financial Aid Office will work with any lender and servicing agency to process a private/alternative education loan for our students. Please be advised that these loans may be more expensive than federal loans. The terms and conditions of alternative loans vary from lender to lender and we encourage all borrowers to review and evaluate each program.

To insure timely processing of your loan, please monitor your application once submitted. Each lender’s process may vary, but each step must be completed before a disbursement is made to Franciscan University.

The links below allow you to research and compare alternative loan programs. Both FAST Choice and the Ohio Private Loan Marketplace provide detailed information for various lenders, allowing you to accurately compare rates and terms side-by-side. We strongly suggest looking at all of your options before making a final decision.


Important Alternative Loan Guidance 

Fast Choice—Great Lakes Educational Loan Services, Inc. has a private/alternative education loan selection tool that provides basic information on alternative loans and detailed listings of the various interest rates, borrower benefits, fees and repayment options.

Ohio Private Loan Marketplace—the Ohio Private Loan Marketplace instantly and accurately compares rates and terms from multiple lenders side-by-side. The Marketplace displays products from local and national lenders, complete with detailed listings of APRs, interest rates, total cost, monthly payments, borrower benefits, fees and repayment options. A credit check will be performed when using this selection tool.

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