Alternative loans are available to students who need additional loan funds beyond federal loan maximums up to the cost of education or to some students who do not qualify for federal student loans. ETSU cooperates with a number of student loan lenders in processing loan applications. However, we do participate in electronic funds transfer with a few of our preferred lenders.  For additional information and a comparison of several loan programs, check with your current student loan lender for their Alternative Loan Program, click on ETSU's Preferred Lenders Information, or visit the EStudent Loan LoanFinder.

You may request your student/parent loan through any lender.

Please be aware that the benefits offered by lenders to student loan borrowers vary and are subject to change.  Before selecting a lender, please contact various lenders of interest and review their borrower benefits to determine which lender best meets your educational borrowing needs.

ETSU does not receive any monetary benefit from any lender.

HOW DOES ETSU SELECT ITS PREFERRED LENDERS?  Our preferred lenders are selected on the basis of:

·        Ability to transmit/process loan information electronically

·        Advantages offered to students

·        General student feedback, student preferences over time

·        Track record of performance with ETSU

·        General input from the business community; professional contacts in the student financial aid community, and ongoing review of appropriate professional business and trade journals

·        Determinations are made on an annual basis by the Director in close consultation with the Assistant Directors

Alternative loans are designed especially for credit-worthy students and parents. If you meet specific credit requirements, have proof of your U.S. citizenship and evidence of your repayment capacity, you may borrow from $2,000 to $15,000 per academic year, based on the cost of attendance at your school, minus any other financial aid awarded.  This is a service provided by the various lenders.  ETSU is not required to process alternative loans.  It is ETSU's policy to require students to complete the Free Application For Federal Student Aid (FAFSA) to better determine the student's eligibility for loans and other forms of financial aid before processing an alternative loan.