Skip to Main Content

To maintain safety and well-being we encourage remote contact by phone or YMessage.
When in-person help is necessary, follow all BYU COVID policies when visiting our offices.

Alternative/Private Loans

Alternative/Private loans are educational loans offered by banks and credit unions.


We encourage you to borrow alternative loans only as a last resort after exhausting eligibility for federal loans. Each lender sets its own interest rates and fees, typically higher than those of federal loans. You may research lenders on your own or search lenders BYU has used in the past three years. 

Research Lenders


You must meet your specific lender’s borrower criteria, and in some instances, you may need to provide a co-signer.

Loan Amounts

You may request an alternative/private loan up to your cost of attendance, minus other financial aid. Your cost of attendance is found on MyAid Dashboard.

After the loan has been certified by BYU, please allow 3-4 weeks for the funds to post to your student account.