Alternative and Private Loans

Alternative and private educational loans are additional loan opportunities available to our students 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.


Since federal loan programs are typically less expensive than private loans, students should consider alternative loans last when developing a strategy to pay for their education at Eureka College. 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 these 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.