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School of Medicine

Private/Alternative Loan Programs

General Lender Information

Non-federal, private, alternative loans are credit-based loans that can be used to substitute for, or supplement any federal funds being received. For example, if any scholarship and/or federal aid were not sufficient to meet the full cost of attendance, a private loan might be used to provide total aid equal to the cost of attendance.

The terms, interest rates, index used to calculate interest rate, and minimums and maximum amount of loans, vary by lender.

**NEW LAW-Effective February 14, 2010

As a result of the Truth in Lending Act (TILA) of 2009, borrowers will be required to submit a Private Education Loan Applicant Self-Certification to their lender before funds can be disbursed. Your lender will provide you with this form when you apply for the Private Alternative loan. You can also locate the Self-Certification form online at http://www.ifap.ed.gov/dpcletters/attachments/GEN1001A-AppSelfCert.pdf

Please keep in mind that due to these new requirements, your Private Alternative Loan disbursement may be delayed as required by this new law.

The following is a list of Tulane's streamlined lenders. It is your decision to determine which lender best fits your needs. We suggest that you review a lender's specific loan terms, interest rate and borrower benefits before making your selection. You should use the following links to investigate the various lenders.