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Alternative loans or private educational loans provide additional funding when other financial aid does not fully cover costs or when a student is not eligible for financial aid (ie., international students, students currently on financial aid suspension, etc.). Students entering the aviation program at UMC may look to alternative loans to help bridge the gap between traditional funding sources and the costs associated with the program.
Most alternative loan applications will require certification by the Office of Student Financial Aid. Terms, fees, and borrowing limits of alternative loans differ. The yearly amount cannot exceed the annual cost of attendance minus other financial aid. Borrowing an alternative loan is a decision that should be made with careful consideration.
Below is a list of alternative loan lenders. They have been selected due to the customer service and expediency they provide. There are many other lenders available. Please contact the lender of your choice directly for more information. The University of Minnesota, Crookston, does not endorse nor accept any incentives, financial or otherwise, to include lenders on this page.
Financial Aid & Scholarship Office
170 Owen Hall
2900 University Ave
Crookston, MN 56716