Important Information Regarding Alternative Bank Loans
For students who do not qualify for financial aid or who need additional help financing their education,
there are alternative bank loan options:
Alternative Bank Loans: An alternative loan is a private loan in the student's, parents', or sponsors'
name which, depending on the applicant's credit worthiness, may require a co-signer. Students may
borrow up to their Cost of Attendance (COA) minus any other accepted aid. We strongly advise students
to apply for these loans at least 30 days prior to the billing due date.
• Interest charges will begin once the funds are disbursed to the University.
• It is recommended that borrowers apply for these loans for the whole year (fall/spring).
For additional information on alternative loans and a partial list of participating lenders you can visit:
www.pace.edu/alternative-loan-lenders
Pace University does not endorse any particular lender. Be sure to read all
financial terms before signing for a private loan.
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