Alternative Loans

Here are some things you might want to consider when deciding what loan is best for you:

• What is the interest rate based on: Prime rate, Libor, something else?
• How long is the repayment period?
• What are the fees?
• Does the lender offer any repayment benefits?
• Who is the borrower of the loan? Will I need a co-signer?
• Is the loan deferred while the student is in school?

To select the lender best for your circumstances you should compare interest rates, fees, borrowing limits, and credit requirements.

Emerson does not recommend Alternative Loan lenders to students and parents. While we understand that you may have questions, we believe you have the right and ability to seek the education loan provider of your choice. If you would like a starting reference of where to research lenders that are participating in the educational lending market, we suggest:

Note about borrowing: most lenders require the student to be enrolled at least half-time in a degree seeking program, unless noted below. Most loan proceeds are disbursed directly to the student’s account at Emerson College.

If you want to learn more about credit reports and how banks use credit scoring to determine creditworthiness you can view the myFICO Credit Education Center.