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

Fall 2018

  • Aug. 13 - Students may begin charging the bookstore
  • Aug. 16 - Final Registration
  • Aug. 17 - Classes begin - Full semester and 1st mini session
  • Aug. 22 - Last day for 75% refund - 1 st mini session
  • Aug. 28 - Last day for 75% refund - full semester
  • Sept. 7 - Last day to charge books
  • Sept. 21 - Financial aid checks mailed (full and 1st mini session)
  • Oct. 5 - Financial aid checks mailed (12-week session)
  • Oct. 15 - Students may charge books for 2nd mini session
  • Oct. 16 - Classes begin - 2nd mini session
  • Oct. 19 - Last day for 75% refund - 2nd mini session
  • Oct. 19 - Last day to charge books for the 2nd mini session
  • Nov. 9 -  Financial aid checks mailed - 2nd mini session
  • Nov. 16 - Financial aid checks mailed for 2nd disbursement of fall 2nd mini session only loans

The 2018-19 Scholarship Application and Award Period will be from July 5, 2018 – May 31, 2019

Related Scholarship Information