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What is an alternative loan? Why doesn the Financial Aid Office at FGCU certify alternative loans?

April 26, 2017alternative certify fgcu financial aid loan Loans Office

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What is an alternative loan? Why doesn the Financial Aid Office at FGCU certify alternative loans?

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An alternative loan is a private education loan offered by a lender. The loan is not government guaranteed and consequently alternative loans often cost more than loans offered by the federal government. FGCU does not certify alternative loans for dependent undergraduate students. Parents of dependent students should consider borrowing a PLUS loan if the student requires additional loan funds beyond those provided by the Federal Stafford Loan program.