Alternative and Private Loan Options ECTV EC 103.1 FM (888) 438-7352 EN Apply Deposit Visit Donate Calendar Info Faculty Admissions & Financial Aid Financial Aid & VA Benefits Alternative and Private Loans 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.