Applying for an Alternative Loan

• Select an alternative loan lender.
• Submit an online application (your lender will notify you when your application has been approved or denied) at least 6 weeks before payment is due, but not before May 1st.
• If your application is approved, complete the promissory note with your lender.
• The KSC Financial Aid Office will then:
  • Verify borrower eligibility when we receive the application from your lender
  • Certify the application if the student/borrower is deemed eligible and forward it to the lender (allow 7-10 business days)
• The lender will guarantee the loan; they will send a disclosure statement identifying the disbursement amounts per semester to you and confirmation of the guarantee to us.
• Our office will email the student an award notification listing the alternative loan.
• Disbursement amounts may be deducted from the semester’s charges after the loan has been guaranteed.