Alternative Loans
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Many programs are available through lending institutions to families in need of additional funding for education. These alternative sources may be a line of credit to cover educational costs for four years, a supplemental loan processed on a yearly basis, or a home equity loan.
In most cases, eligibility for supplemental loan programs is based on the personal credit history and financial circumstances of the student. Usually a debt-income analysis is performed to determine the applicant's ability to repay the loan. Some applicants may find they need a co-borrower to gain approval for a supplemental loan.
For the 2008-2009 academic year The Financial Assistance & Planning Office recommend the following alternative loans:
Edamerica's Xtra Credit Loan 1-800-337-1009
www.edamerica.net/pa
RBS Citizens, N.A. DBA as Citizens Bank/Signature Student Loan 1-800-708-6684
www.salliemae.com/signature/citizens
Chase's Select Loan 1-866-308-0868
http://www.chaseselectloans.com/
PNC Bank Resource Loan 1-800-762-1001
http://www.eduloans.pncbank.com/