Alternative loans provide an additional or alternative source of funding. Spokane Falls Community College encourages students to apply for grant, workstudy and Ford Direct Loan assistance prior to alternative loans because the rates and repayment options are normally better.

Important information to consider before making application for an Alternative Loan:

• The borrower/student chooses a lender for this loan.
• Alternative loans are not guaranteed funds.
• Co-signer is often required and borrower and/or co-signer credit checks may be required.
• Loan periods should match our regular academic terms (Fall, Winter, Spring). Summer is applied for as a separate loan period.
• Contact your lender directly for all status updates and information.
• Borrowing maximums and minimums, interest rates, and fees vary with each lender and change often. Your credit rating, academic level, employment status, and status of co-signer can affect these.
• All private loan checks are disbursed through the Cashiers' Office.
• Be advised that if a check is sent directly to SFCC to be applied toward costs owing "on account," aviation flight lab costs may not be "on account."

SFCC does not recommend lenders or use preferred lender lists. Choose your lender and complete their application process.