Private or Alternative Student Loans
Many private lending institutions offer loans to students and families seeking assistance to meet expenses related to attendance at Georgia Tech. There are an increasing number of these loans and the terms of these loans change frequently.
When choosing a private loan, our office offers these suggestions:
* Contact the lender of your Stafford Student Loan – many of the larger lending institutions participate in multiple loan programs
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review the terms of the program carefully
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read the fine print
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check with the lender for the most current terms
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check minimum/maximum annual loan limits
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compare the combination of interest rate, fees, and repayment terms since these determine the total amount repaid over time
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some offer interest rates that are adjusted monthly, some quarterly, and some annually
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check fees charged
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check for deferred interest and/or principle while enrolled in school
Keeping in Touch
Always keep your lender informed of any name or address changes. Notify your lender in writing if any of the following events occur before your loan is repaid:
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You change mailing addresses
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You fail to enroll at the school that certified the loan application
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You transfer to another school
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You graduate or withdraw from school
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You change your name
This website last updated on 06/06/08