天美传媒

Alternative Loans

Alternative loans may be used as a source of financial aid in addition to 天美传媒, state and federal assistance. These loans are subject to credit analysis and may require a co-signer. Since federal loan programs are less expensive than private loans, students should consider alternative loans last when developing a strategy to pay for higher education at 天美传媒. Other financing options include a home equity line of credit, which may have tax benefits for some families, or another type of collateralized loan. You may want to discuss these with your financial adviser.
 
When choosing an alternative loan program, some of the following factors should be examined:
The importance of a co-signer. Students will likely have better chances of being accepted for an alternative loan and receive a better interest rate if a credit-worthy co-signer is used. 

• Interest rate. The interest rates are typically variable and may be based on either the LIBOR or Prime rate.
• Loan fees. An origination fee is the amount of money that the lender keeps off the top of the loan proceeds. For instance, if $1000 is borrowed with a 5% origination fee, the borrower will actually have $950 disbursed towards their account, as the lender keeps $50. When the loan is repaid, payments are based on borrowing $1000.
• Loan repayment and deferment options. Some lenders will allow students to defer payments until after graduation, while others require interest payments while in school. Repayment plans may differ as well.

Alternative Loan Lenders
Below is an inclusive list of lenders used by 天美传媒 students during the past three (3) years that are currently offering an alternative loan program. The College does not have a preferred lender list and has not entered into a preferred lender arrangement with any lender. 天美传媒 will process private/alternative loans through any lender the student chooses. Borrowers are not limited to the lenders listed below.