Admissions & Aid
Alternative/Private educational loans are credit-based loans issued by a nongovernmental private party lender. Students may borrow up to the full cost of their education, minus all other financial aid. Lenders may approve students for an amount higher than the cost of attendance however, the certified loan amount is never allowed to exceed the cost of attendance. Private loans may carry a higher interest rate or have a variable interest rate because eligibility is based upon individual credit score. There may also be fees associated with the loan.
To schedule a financial aid planning session in the Navigate appointment system, visit our services page and review the instructions for advisement appointments.
More information to consider is available on the CUNY Private Alternative Loan Webpage.
Note: Brooklyn College complies with the CUNY Model Mode of Conduct, which prohibits staff from making recommendations for a particular lender.
Federal regulations require that a private educational lender provide applicants with a loan disclosure that complies with federal consumer finance regulations § 1026.46 and § 1026.47.
We recommend that you review the loan disclosure to understand the terms of the loan and its financial implications to you before you complete the application process.