Alternative/Private Loans
Dear
Borrowers:
You
are about to preview a list for Alternative/Private Educational
Loans. A student should only apply for one of these loans
after it has been determined by the Financial Aid Office
at VUU that they do not qualify any loans under the title
IV program. The lenders on this list are OPTIONAL.
Please note that the Financial Aid Office WILL
continue to process loans for any lender you may choose
outside of the Alternative/Private Educational Loans list.
PLEASE
NOTE THAT THESE LOANS HAVE VERY HIGH INTEREST RATES.
Also, the terms and conditions of these loans, interest
rates, repayment options and availability of loan forgiveness
vary from lender to lender. Therefore, it is imperative
that you do thorough research before deciding to borrow
one of these loans.
A
college education can be costly so you should make the best
possible decision when selecting from whom to borrow. Virginia
Union University (VUU) encourages all borrowers (students
and parents) to use their resources and compare the various
options that each lender has to offer. To assist you in
your selection, VUU has provided the website addresses and
or phone numbers for each lender on our Alternative/Private
Educational Loan List. Please feel free to visit these sites
for more detailed information.
It
is our objective at Virginia Union University to make sure
that you receive the tools needed to make wise decisions.
Please feel free to contact the Financial Aid Office if
you have any questions at 804-257-5882.
Sincerely,
The
Financial Aid Office
Virginia Union University
CLICK
HERE TO VIEW ALTERNATIVE/PRIVATE LOAN LIST
