Alternative and Private Loans
  • About
    • Alternative and private educational loans go through commercial lenders
    • Alternative loans may be used as a source of financial aid in addition to Eureka College, state, and federal assistance
    • These loans are subject to credit analysis and usually require a co-signer
  • Expenses and Other Options
    • Since federal loan programs are typically less expensive than private loans, students should consider alternative loans last
    • Other financing options include a home equity line of credit, which may have tax benefits for some families, or another type of collateralized loan
  • You may want to discuss all of these options with your financial advisor


Eureka College does not have a preferred lender list and has not entered into a preferred lender arrangement with any lender.


 Please visit our Alternative and Private Loan page for more information.