Alternative student loans are used by Mount students to supplement family resources available for educational expenses. Although they are student loans, a credit worthy cosigner or co-borrower is usually necessary for dependent undergraduate students. We strongly encourage students to research and understand their financial obligation before borrowing any loans.
To learn more about these loans and to apply online, click on the link below. Interest rates, loan fees, and repayment provisions vary from lender to lender. Some lenders now have the option for students to begin paying the interest on the loan while in school. Also, some lenders offer interest rate reductions for on-time payments and having automatic payments made from your bank account.
For the Alternative Loan to appear on your July billing statement, the above steps should be completed by July 6.