alternative student loans

Alternative student loans?

I am a little behind schedule for my bachelor’s degree so I want to take summer classes, but I’d need to take out a couple thousand dollars since I can’t receive my grants and loans will be used up by the end of spring. I’ve heard of alternative loans, but where is the best place to get them and how do they work compared to regular student loans?

Alternative loans are also educational loans, it’s just that they are more costly….unlike the Stafford loan, where the government pays the interest while you are in school and for 6-9 months after graduation, with alternative loans, the interest is accuing and capitalizing and repayment usually kicks in right after graduation.

Check with your financial aid office or a local bank

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