Alternative Education Loans

Some families turn to Alternative Education Loans, also known as Private Education Loans, when federal, state and institutional financial aid is not enough to cover the cost of education.

Alternative education loans cost more than the education loans offered by the federal government, but are less expensive than credit card debt.  These loans typically have variable interest rates and eligibility often depends on the applicant’s credit score.   Current economic conditions have resulted in some lenders refusing to offer alternative education loans to students enrolled in two-year colleges.

CFCC students should investigate all other funding resources before resorting to an alternative loan.

If borrowing this type of loan is unavoidable, please adhere to the following application procedure:

When notified by the lender that the application has been approved, contact Rachel Cavenaugh, Director of Financial Aid, 362-7317, for an appointment to certify the loan

Important Dates

Spring 2019

  • Jan 3 - Students may begin charging in the bookstore
  • Jan 3 - Classes begin - Full semester and 1st mini session
  • Jan 9 - Final schedule adjustment
  • Jan 14 - Last day for 75% refund
  • Jan 21 - Holiday - College closed
  • Feb 1 - Last day to charge books
  • Feb 22 - Financial aid checks mailed
  • Mar 1 - Scholarship application cycle opens
  • Mar 11 - Students may begin charging books for the 2nd mini session
  • Mar 16 - Last day for 75% refund - 2nd mini session
  • Mar 25 - Financial Aid checks mailed for 2nd disbursement of Spring only Full Session loans
  • Apr 8 - Financial aid checks mailed - 2nd mini session
  • Apr 15 - Financial Aid checks mailed for 2nd disbursement of Spring 2nd mini session only loans
  • Apr 30 - Scholarship application cycle closes

The 2019 Scholarship Application Period will be open from March 1 – April 30, 2019

Related Scholarship Information