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

Summer 2019

  • May 16 - Students may begin charging in bookstore
  • May 17 - Final registration/schedule adjustment day
  • May 20 - Classes begin - 10-week and 1st mini session
  • May 27 - Holiday - college closed
  • May 31 - Last day to charge books
  • June 21 - Financial aid checks mailed (all 1st mini and 1st half of full session loans incl.)
  • June 24 - Students may begin charging in bookstore (2nd mini session)
  • June 26 - Classes begin - 2nd mini session
  • June 28 - Last day to charge books for 2nd mini session
  • July 4 - Holiday - college closed
  • July 12 - Financial aid checks mailed for 2nd disbursement - summer only full session loans
  • July 19 - Financial aid checks mailed - 2nd mini session (all loans funds included)

CFCC Scholarship Application Period is currently closed – will re-open October 1, 2019!

Related Scholarship Information