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Certificate program students may wish to consider alternative/private
loans. These loans are based on the student's credit worthiness,
and may require the student to have a co-signer.
Legal
Assistant Certificate and Center for Business and Information Technologies (CBIT) students are not eligible for Federal Financial
Aid or University College Grants.
Contact the University College Financial Aid Office at (315) 443-3261
or finaid@uc.syr.edu for more information.
Choosing a Lender
All lenders are not alike. It pays to make an informed decision when choosing a lender. You will be entering into a long-term relationship with the lending institution. Reasons for selecting a particular lender vary from person to person. Some will choose a lender based on name/brand recognition or reputation. Others prefer established and timely processing. Still others are interested in borrower benefits in repayment, such as an interest rate reduction as a reward for making consecutive on-time payments. We encourage students to select the lender and loan product that best meets their needs.
Many lending institutions make direct solicitations to students (via mail, e-mail, television, and pop-up ads) to use their particular products. As in many consumer decisions, the buyer must be cautious when making selection decisions. Comparisons are critical. You may wish to think about such things as:
- The level of service provided.
- Is it important that that your application and loan funds be processed quickly?
- If so, does the lender offer an online application and application processing with Syracuse University?
- Does the lender offer electronic funds distribution with Syracuse University?
- Does the lender have a web site where the borrower can manage the loans?
- Does the lender sell their loans? If the loan is sold, do any benefits travel with their sale?
- Are interest rates competitive?
- Are there repayment benefits?
Click here for information on Private (Alternative) Loans.
Veteran's Educational Benefits (Chapter 30, 1606 and 1607) are available to students in our non-credit programs. Click here for additional information.
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