Alternative educational loans are available from private lenders and offer additional financial assistance if you have exhausted all other sources (scholarships, grants, work-study and federal loan programs) of funding for your education. These programs are meant to supplement federal, state and institutional aid when the Cost of Attendance (COA) is not fully covered by these programs.
Clarkson College encourages students to only borrow what they need to cover their educational costs. Our Financial Aid counselors continue to remind students that the more you borrow, the higher your monthly payment will be after graduation. Our Financial Aid counselors are committed to finding the best solution for each individual, as we know, every situation is unique. Visit with a Clarkson College Financial Aid counselor in person or call 402.552.2749.
The Clarkson College Student Financial Services department requires the completion of a Free Application for Student Aid (FAFSA) before certification of any alternative loan.
Federal regulations require all students applying for an alternative loan to complete a Private Education Loan Applicant Self-Certification form.
Alternative Loan Lenders
For ease of comparison Clarkson College uses ELM Select. This allows students to compare various alternative loans and to be able to apply for the loan at one convenient location. These lenders are the ones most used by our students and are recommended based on the quality of products and services they provide to students and families. Lender characteristics include: lender stability, reputation (customer-focused student loan products) and customer service (provide good service to both the student and Clarkson College); ease in which borrower’s questions are answered and issues resolved; and loan products assure value to the borrower. Students are encouraged to compare these loans with one another, as well as with alternative student loan products offered by other lending institutions.
Students have the right to use a lender that is not listed at ELM Select. To borrow an alternative loan from another lender, access the lender’s website and complete the student loan application. The school code for Clarkson College is 009862.