Alternative Student Loans

Your Toolbox

Financial Aid Office
651-696-6214
800-231-7974
651-696-6866 (fax )

Mailing Address
1600 Grand Avenue
St. Paul, MN
55105 USA

The Admissions and Financial Aid Offices are located at 62 Macalester Street.

Student loans that are not part of the Federal Student Aid program are often referred to as “alternative”, “supplemental”, or “private” loans.

We recommend that students first apply for financial aid before considering an alternative loan. Most students who apply for financial aid may participate in the Federal Direct Loan program, even if they do not qualify for financial aid. Please review federal loan options including the parent Direct PLUS Loan before pursuing an alternative loan.

To assist you in your search for an alternative loan, we have provided a list in alphabetical order (below) of the alternative loan lenders that Macalester students have accessed in the past three school years (sincce Fall 2011). Please understand that you may select any lender for your educational loans. You are not required to select a lender from this list.

Your lender will ask you to complete a Self-Certification form. The Self-Certification form will be provided by your lender. Please be sure to respond to the request for the Self-Certification form and all disclosure statements in order to avoid delays in delivery of your loan funds.