Alternative Loan Information

Click here a printable version of the alternative/private loan applicant self-certification form

Click here for a printable version of the alternative loan information sheet

If you feel that your Direct Loans are not enough to cover the cost of your tuition, fees, books, and/or living expenses, there are alternative loans available through independent loan companies. Approval for most alternative loans is based upon a number of factors including:

  • credit history
  • debt-to-income ratio
  • having a creditworthy cosigner (many loans do not require a co-signer if your credit history is good, but many times your interest rate may be reduced if you have a co-signer)

Keep in mind that alternative loans are private education loans that may have less favorable conditions than the Federal Direct Loans. It is always recommended that students and/or parents apply for federal aid before looking at the private alternative education loans.

Applying for an alternative loan is very much like applying for a mortgage or auto loan. In order to obtain the most competitive interest rate, origination fee, and/or repayment schedule, you may wish to shop around and apply with different companies. Kettering College does not recommend, promote, or endorse any private/alternative loan lender. Neither Kettering College nor any Kettering-affiliated organization (i.e. Alumni Association, KMC Foundation, etc.) participates in any preferred-lender arrangements.

The following websites give private student loan comparison information.

Please ensure that you have applied for a private educational loan, not a Stafford loan as Kettering College's Stafford loans are serviced through Direct Loans. The school is not responsible for your approval or interest rate. In addition, any changes to your schedule may impact your eligible amount for private loans and should be brought to the financial aid department's attention.


While Kettering College suggests disbursement of funding on the first day of each term, you are responsible for contacting your loan company of choice to ensure they have all the information that they need for loan disbursement. If you have any questions place contact the loan company directly.