News And Events

New Student Orientation Schedule 2010

Family Systems Perspectives for Home and Family

Spiritual Leadership Course Discusses How to Lead Others

Inter-Religious Study Group Explores Psalms

Annual Teacher Training Workshop Held Sept. 25

McClure Lectures Address Christian Faith

Employment Opportunities at PTS

Meet our Faculty and Staff in Your Area

Listen to Audio from Recent Events

 

Applying for an Alternative, Private Loan

 

What is it? A long-term loan which students can repay after they graduate. Unlike the Direct Loan or Graduate Plus Loan, these loans are not federally regulated and can have a variable interest rate up to 25%. The student applies directly to the bank. It is recommended that the student apply for grants and federal loans before pursuing private loans.
   
Who can apply? Eligibility criteria, terms, and conditions vary by lender.  It is important that the student compare loans to receive the best value. If you are not filing the FAFSA, contact the Financial Aid Office.
   
How much can I borrow? The annual limit is the Cost of Education minus all other financial aid, including loans.
   
How do I apply? Contact a bank of your choice.