Alternative or Private Loans
Alternative loans, also known as private loans, are consumer loans made through various lenders to individuals to help pay for college expenses. A student may be eligible for these loans based on credit and other factors determined by the lender. 蘑菇APP encourages students to explore available options including completing the Free Application for 聽and applying for before considering loans. Students are also encouraged to apply for scholarships through the 蘑菇APP Foundation Office. For more information about Foundation scholarships and application deadlines, please visit page.
Loans are not free. They must be repaid with interest. While there are a variety of lending options available, 蘑菇APP does not endorse the services of one lender over another. It is recommended that students perform a thorough review of all lenders to make a suitable choice. Students using alternative loans for attendance at 蘑菇APP have used the following lenders.
NC Student Assist Loan
Sallie Mae庐 Smart Option Student Loan
The PNC Solution Loan
Cohort Default Rate
The College ceased participation in the William D. Ford Federal Direct Loan Program in the 2013-2014 school year. Information about 蘑菇APP鈥檚 official cohort default rate, including the number of student borrowers and the national average cohort default rate is available on the .
For further information about alternative or private loans, please contact the Financial Aid Director at聽wcc-finaid@waynecc.edu.