Alternative Financing Options

The Office of Financial Aid has selected ELM to be our Preferred Lender List carrier.  Here, you will find a list of lenders we recommend based on the quality of products and services they provide to students and families. We have carefully considered our selections in order to provide you with the best possible list of suggested lenders. However, if you wish to use another lender that is not on this list, you have the right to do so.

To view these lenders please click here.

While we understand that you may have questions, we believe you have the right and ability to seek the education loan provider of your choice. ELM Select allows you to compare several lenders, containing the most up to date rates and benefits.

For information about using the interest-free payment plan through Tuition Management Systems (TMS), please click here.

Local Banks

If you would like a starting reference of where to research lenders that are participating in the educational lending market, we suggest that you talk to your current banking relationships to see if they offer any education loan programs and benefits for their customers.

State Agencies

You can also contact your home state’s educational financing agency (you can often find them through a quick online search).

Common Questions

Here are some things you might want to consider when deciding what loan is best for you:

• What is the interest rate based on: prime rate, Libor, something else?
• How long is the repayment period?
• What are the fees?
• Does the lender offer any repayment benefits?
• Who is the borrower of the loan? Will I need a co-signer?
• Is the loan deferred while the student is in school?

You should also compare interest rates, fees, borrowing limits, and credit requirements.

Other Information

Most lenders require the student to be enrolled at least half-time in a degree seeking program, unless noted below. Most loan proceeds are disbursed directly to the student’s account at Becker College.

Information on financing programs is subject to change without notice.