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Office of Financial Aid

Information About Alternative or Private Loans

Alternative, or private educational loans, are designed to assist students and their families who are either not eligible for federal loans, or who need additional education financing. Loan approval is generally based on your credit and a co-signer may be required. Alternative loans are available to students who are enrolled and pursuing a degree program at ULM. Careful consideration should be made in determining the amount you would like to borrow. This is a loan that must be repaid.

Please Note: As a result of the Truth in lending Act (TILA) of 2009, borrowers will be required to submit a Private Education Loan Applicant Self- Certification to their lender before funds can be disbursed. Your lender will provide you with this form when you apply for the Private Alternative Loan. You can also locate the Self-Certification below:

Self Certification

How We Choose Our Lender List

As a service to our students and parents who borrow educational loans, ULM’s Financial Aid Office attempts to identify a list of lending institutions who have proven themselves to our students through reliable customer service, electronic disbursements, and competitive products & benefits.

The majority of students at ULM who utilize private loans choose one of the following lenders listed on our Fast Choice Lender List, however, each student may select a lender of their choice outside these options.

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To begin the private loan selection and application process, click the Fast Choice button below:

 

                                         Fast Choice logo

 

 

We would like to assure all educational loan borrowers that the Financial Aid Office does not receive any form of payment or benefits from lenders in exchange for listing them as a lender. Our office fully adheres to NASFAA’s Statement of Ethical Principles and Code of Conduct for Institutional Financial Aid Professionals.


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