Are alternative loans guaranteed by the federal government?

No. Alternative loans are private loans issued by private lenders. Third party organizations may guarantee these loans, but the federal government has no involvement. The responsibility lies with you. However, the financial aid office is required to consider this as financial aid and students may not borrow in excess of their COA (cost of education).Troy University will expect you to submit the FAFSA and be considered for federal loans before applying for private loans.


Article ID: 44259
Mon 12/11/17 4:11 PM
Tue 2/18/20 2:39 PM