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Alternative/Private Education Loans

CCC&TI will not be processing regular student STAFFORD loans (Subsidized and Unsubsidized) from the Federal Direct Loan Program beginning with the  2013-14 Academic Year. Students interested in using other types of loans may find the following information helpful as they search for an outside lender. Alternative (sometimes called Private) Education loans are private loans outside the realm of traditional federal student and parent loans. These loans are more like those you would get for a house or car, in that your credit history is reviewed by the lender.

If you are thinking about borrowing a private education loan, we strongly recommend you research potential lenders to find the best one for you.  Remember in your search to compare interest rates, repayment terms, eligibility criteria, whether or not a cosigner would be required in your case, grace period information if any, and any available borrower benefits available from each lender you contact. For further information about evaluating private student loans as you research your options, you may find this handout helpful from CFNC.org, Private Loan Brochure

Be sure to follow up with your lender periodically about your repayment.


Home Foreclosure Prevention

Students concerned about foreclosure on their homes due to job loss or certain other hardships may qualify for mortgage help while in school and looking for work.

To find out if you are eligible, contact  NC Foreclosure Prevention or call them at 1-800-623-8631. See flyer from the NC Foreclosure Prevention Fund.