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Alternative Loans

Only use private loans if you need more loan assistance than is provided through federal financial aid.

Before you apply for private loans, contact us to learn more about federal aid, which is typically the smartest and least expensive option.

Alternative (Private) Loans

Boise State does not endorse, recommend, or promote any lender or any products or loans offered by lenders.

Interest rates, loan fees, and repayment options vary based on lender and student credit score.  You need to read carefully about the different options available or call the lender so you may fully understand the various loan options. Boise State will process loans from any alternative loan lender, regardless of whether the lender is listed below.

Some lenders offer loans that don’t require you to meet Satisfactory Academic Progress standards. If you currently are ineligible for federal financial aid due to Satisfactory Academic Progress issues, make certain you check with the lender to see if they offer loans to students in your situation.

Federal regulations require alternative loan borrowers to provide their chosen lender with a “Private Education Loan Applicant Self-Certification” form.

Important:  When a semester has already begun, it can take up to 10 business days for Boise State to receive funds, ONCE we approve the loan.

The application process:

At least 24 business days before the first Disbursement Date of the semester:

  • Apply and be approved with the lender of your choice.
  • The lender will then send Boise State the loan certificate.
    • We typically begin reviewing certificates 45 days before the semester begins.
  • Once Boise State begins reviewing loans for the semester, it can take up to 14 business days to ensure that the lender criteria is being met (e.g. enrollment, SAP standing, remaining room in Cost of Attendance).
  • Assuming all criteria are met, Boise State will then post the eligible loan amount to the students account.
  • Funds are released on the first disbursement date.
    • NOTE: Late start classes do not disburse on the first disbursement date of the semester. Please review your Student Center for more information if enrolled in these classes.

All other applications:

  • Apply and be approved with the lender of your choice.
  • The lender will then send Boise State the loan certificate.
  • Once the lender sends Boise State the certificate, it can take up to 14 business days to ensure that the lender criteria is being met (e.g. enrollment, SAP standing, remaining room in Cost of Attendance).
  • Assuming all criteria are met, Boise State will then post the eligible loan amount to the students account.
  • After the loan amount is posted to the account, it can take up to 10 business days to receive the funds from the lender.

Feel free to use our alternative loan tool that helps filter down loan options. Please note that this will not include a comprehensive list of loans that Boise State is aware of.