Code of Conduct The Office of Student Financial Aid at Baylor University adopts the National Association of Student Financial Aid Administrator's code of conduct for institutional financial aid professionals.

Choosing an Alternative Loan Lender

Some families turn to private alternative loans when the Federal loans don't provide enough money or when they need more flexible repayment options. For example, a parent might want to defer repayment until the student graduates, an option that is not available from the government PLUS loan program. (Some PLUS loan providers allow parents to defer payments on the PLUS loan while the student is in school.)

Eligibility for private alternative loans often depends on your credit score. Private alternative loans tend to cost more than the education loans offered by the Federal government, but are less expensive than credit card debt. You need to consider the cost, flexibility and customer service in choosing a private alternative lender just as you do Stafford and PLUS loans.

ALTERNATIVE LENDER LIST

* Satisfactory Academic Progress not required
* Less than half-time enrollment allowed
* International students eligible for consideration
* Will process without a co-signer
* May be applied to a prior balance due

Use the following dates 2009-2010 Loan Periods on your application. Also, please remember to enter the requested loan amount.

Undegraduates and Graduate Sudents

Fall/Spring 08/24/09 - 05/11/10
Fall 08/24/09 - 12/16/09
Spring 01/11/10 - 05/11/10

Law Students

Fall/Winter/Spring 08/24/09 - 04/30/10
Fall 08/24/09 - 11/06//09
Winter 11/09/09-02/05/10
Spring 02/08/10-04/30/10

Baylor's lender list was established by an open Request for Information (RFI) process and scored by a five-member University committee who reviewed 18 submissions from lenders in 2009 on the basis of customer service to students and staff, borrower benefits and services, default management, and service standards. Placement on the lender list is the result of our evaluation of the lender's customer service to you and to our office, borrower benefits offered, and commitment to default aversion. Some important factors for you to consider in choosing a lender include cost, flexibility, and customer service. Common customer service considerations include the availability of account information online and the availability of combined billing for Federal and private alternative loans once you begin repayment (one payment for several loans).