Financial Aid

Alternative Loans

WELLS FARGO offers a private student loan to students that have outstanding financial need. A private student loan is similar in many ways to the Federal Stafford (student) Loan with a few exceptions:

• Once approved the only limit on the amount the student may borrow is the schools determination of Cost o Attendance. (Stafford Loans have limits)
• Students will need an eligible co-signer to be approved regardless of age, income or prior credit history.
• The lender does not have the same assurances from the government that the Stafford Loan does, therefore this loan will have a slightly higher interest rate due to the increased risk. Students should exhaust their Stafford eligibility and use this as a loan for their remaining unmet need.

For more information look for "Student Loans" at www.wellsfargo.com