Alternative Funding Sources

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Institutional scholarships, outside scholarships, federal/state aid programs and personal funds may fall short of a student’s anticipated budget for educational expenses. Alternative (credit-based) loans from private lenders are one source of funding that may help compensate for any shortfall. However, parents and students should be aware that these loans may be a more expensive way of borrowing and they should read all the information available on these loans to select the lender with the most suitable terms.

Due to the complexity of private education loans available, admission counselors can offer only general information about these loans, and cannot assist students in choosing a lender, filling out an application, or any other aspect of this type of private loan processing. Regarding private education loans, the best source of information is the lender. Programs and qualifying regulations are subject to change without notice. For more information about all financial aid programs available at SCAD, access the financial aid guide.