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Alternative Educational Private Loans

Alternative Education Private (COMMERCIAL BANK) Loan

A non-governmental FICO Score (credit rating) based loan for student or parents to borrow from the commercial bank or credit union of the borrower’s choice. As a FICO Score based commercial loan, the commercial lending institution’s approval of the loan and the interest rate is dependent upon the borrower’s credit.

Student applicants may find that they will be required to have a co-signor for their application which must be someone with a stronger credit rating than their own, but can be any individual. It does not need to be a parent. Grandparents often assist with this loan.

• Apply for the entire year.
• Funds are disbursed by semester.

KWU is happy to work with any lender of your choice, but enjoys the convenience of electronic processes with these largest lenders:

1. Discover “Certified Private Loan”

2. Sallie Mae “Smart Option” Private Loan

3. Wells Fargo “Collegiate Loan”