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Alternative Loan Programs

Alternative loans provide a source for financing costs of your education not covered by other forms of financial aid.

These loans may require an established credit history or a co-signer. Students considering ways to finance their education should first apply for financial aid.

Contact the college about payment plan options before borrowing alternative loan funds. You may be able to reduce your loan debt by paying monthly installments over the school year rather than borrowing loan funds.

Remember, you may borrow no more than the cost of attendance as calculated by the college. If you are unsure of how much you should borrow to cover your education expenses, contact the financial aid office at the college you will be attending.

Students considering an alternative loan should compare all loan programs and determine which one is best for them. Click on the links below to go directly to the Web site to learn more about the loan programs.

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International Education Finance Corporation
US Students Studying Abroad.

Maine Educational Loan Authority (MELA)
US Students Studying in Canada Only.