Alternative Loans

Alternative Loans are private, creditworthy loans that help bridge the gap between the cost of attendance and other financial aid that is awarded. A co-signer is generally required, and the interest rate is usually a variable rate, typically based on Prime or LIBOR plus a certain percentage. With most lenders, the maximum annual amount is equal to the cost of attendance minus any other financial aid awarded. Students are encouraged to apply for federal, state, and institutional aid before applying for an Alternative Loan.

While some lenders will allow you to defer repayment until 6 months after graduation, interest is charged while in school. Eligibility criteria, loan limits, loan fees, deferment options, and repayment differ among the various lenders. Check with your individual lender for all loan terms and conditions.

If an Alternative Loan is listed on your award letter in an offered status, it is only a recommended amount, and you must apply each school year and receive a credit approval to be eligible for the loan. Also, if there is a specific Alternative Loan lender listed on your award letter, it is the lender that you used in the past. However, you are free to use any lender you wish.

To apply for an Alternative Loan, go to our Alternative Loans List. If you are approved through one of our alternative lenders, we will certify the amount of loan that you are eligible for and transmit this information back to the lender for a final guarantee. Please understand that you have the right and ability to select the lender of your choice, are not required to use any of the lenders on our alternative loans list, and will suffer no penalty for choosing a lender that is not on our list.

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First time freshmen, transfer students and students who wish to apply for associate or bachelor’s degree programs.

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Students who wish to apply for our online-only degree programs.

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Undergraduate Programs

First-time freshmen and transfer students looking for the full on-campus college experience.

Adult and Graduate Programs

Working professionals and adults who've been out of school for a while, looking to advance their careers.

Online Programs

Students looking to earn a degree entirely online.

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Undergraduate Programs

High school students and transfer students who want to enroll in day classes at the Buffalo campus.

Adult and Graduate Programs

Adult learners applying to our undergraduate or graduate degree programs at either our Buffalo or Rochester campuses.

Online Programs

Adult learners applying to our online undergraduate or graduate degree programs.