GraduationAlternative loan programs can be used help students take more credits than just federal funding would normally allow. Alternative loans do require the student to pass a credit check preformed by the lender or have a credit worthy Co-signer. For a student to have any chance of receiving an alternative loan without a Co-signer they would need excellent credit and and yearly income of at least $18,000. Co-signers are recommended for all student borrowers as having a Co-signer on the loan will usually provide better rates.
Alternative loans should be used only after all other funding options have been explored and used, this would include PLUS loans for dependent students. All the federal loan options will offer better terms than the alternative loans in regards to interest rate, deferment/forbearance options, and repayment plans. If you are unsure if you have exhausted all your other funding options than you should contact the financial aid office at your campus for additional guidance before completing an alternative loan application
The alternative loans listed are provided by lenders that Globe University/Minnesota School of Business feels provides our students with competitve rates and solid customer service. Use the links to view each loans rights, responsibilities and benefits. Once you have decided on what loan you wish to apply for follow the directions on the website of the selected loan program. Most loan programs will make there credit decision within a few minutes once the loan application has been submitted. When you receive the credit decision please inform the financial aid office of your campus of the decision to insure that your loans are processed or other options may be discussed.
The following list of alternative loan programs are only suggestions of possible options you can use if you know of another program you would like to use please let your financial aid office know.
The following loans are available to both Globe University and Minnesota School of Business
Bank of North Dakota DEAL loan
Minnesota State SELF Loan Program
Sallie Mae Smart Option Student Loan
Wells Fargo Collegiate Loan Program
The following loans are available to Minnesota School of Business only
If you need any assistance completing and application or have questions about the provisions of a specific loan please contact your financial aid adviser.
Globe University/Minnesota School of Business is accredited by the Accrediting Council for Independent Colleges and Schools to award Master of Business Administration (MBA) degrees, Bachelor of Science degrees, Associate in Applied Science degrees and diplomas.