Alternative Lender FAQ
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You can receive up to the Cost of Attendance in financial aid. Other types of aid such as scholarship and federal Title IV aid can impact the amount of your maximum borrowable amount.
For most alternative lenders, the alternative loan funds are sent directly to UAFS and are then disbursed to your student account to cover any charges you have incurred. After all charges have been paid, the remaining funds are refunded back to you by a direct deposit or paper check.
You can access the UAFS FastChoice website by Clicking on this link
Yes, you can receive both alternative loans and Title IV federal funds if your Cost of Attendance budget will allow for it.
If you select a lender or financial institution that is not on this FastChoice list and the loan is deemed a "student loan," you or your lender will need to contact the UAFS Office of Financial Aid to perform a loan certification.
Potentially. Each lender determines the requirements to receive funds from their institution. Some lenders require students to complete a Free Application for Federal Student Aid (FAFSA) and determine the eligibility for Title IV funds before awarding alternative loan funds.
Potentially. Each lender determines the requirements to receive funds from their institution. Some lenders require students to complete a Free Application for Federal Student Aid (FAFSA) and determine the eligibility for Title IV funds before awarding alternative loan funds.
Please contact the UAFS Office of Financial Aid l at FinAid@uafs.edu or 479-788-7090.