Welcome to the Alternative loans page for Louisburg College.

Alternative Loans are offered by private lending institutions and are not guaranteed by the federal government. These funds are available to credit and non-credit students who may not be eligible for federal financial aid or who may need to bridge the gap between the actual cost of education and their federal financial aid. The lender will interpret credit history and other determining factors to see if the student is eligible. This list describes alternative educational loans, offered by private lending institutions.

When you have decided on a lender, click on the lender name to proceed to the next step.

	Interest rate as low as Prime -.5% Fees as low as 0% Loan Limits $500 up to the cost of education less financial aid Payments not required while enrolled at least half-time Defer payments until 12 months after graduation Repayment terms up to 20 years .50% interest rate deduction with auto debit .50% rate reduction after 48 consecutive on time payments
	No upfront fees Competitive interest rates starting as low as the 1-month LIBOR + 2.50% Graduation Reward- $300 Principal Reduction per loan with proof of graduation 0.25% interest rate reduction for automatic withdrawal of payment Cosigner release available Defer payments while in school 6 month grace period Satisfactory Academic Progress is not required
	Effective for loans disbursed on or after 7/1/2008 No origination or default fees. Interest rate reduction of 0.50% when borrower makes payments by automatic draft and elects to receive electronic statements.