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• Alternative Loans

Parents: You may want to consider a Parent Loan for Undergraduate Students (PLUS) as an alternative option. Visit the PLUS Loan page for more information.

The Alternative Loan Fact Sheet allows you to compare interest rates, loan fees and repayment incentives on all of the alternative loans listed on this page. Before you select your lender, determine the additional loan amount needed for the school year. Refer to MSOE's Full-Time Undergraduate Student Expense Planner to calculate the amount needed. If you have questions regarding any of these loans or would like to request a paper application, please contact MSOE's Financial Aid Office or the appropriate lender.

MSOE's Lender Selection Policy Disclosure
The lenders selected above were rated on various aspects of their Stafford, Parent PLUS, and alternative loan products.  Each lender that submitted information to MSOE went through detailed scoring of each loan product including but not limited to benefits offered, approval rates, loan servicing, and other services offered to MSOE students. Lender selection will be reviewed annually to ensure that the benefits that lenders offer continue to adhere to our student's needs. Any lender that no longer adheres to our needs will be removed, and new lenders that meet our criteria are added. At least three lenders will be presented to you at all times.  You are free to select any lender, including those not presented. Application processing will not be delayed if you choose a lender not presented.  MSOE maintains a professional relationship with all lenders. Our officials are prohibited from accepting financial or other benefits in exchange for displaying lenders. These include: receiving compensation to serve on any lender's board of directors or advisory boards; accepting gifts including trips and entertainment; allowing lenders to staff our institution's financial aid office; allowing lenders to place our institution's logo on any of their products; and owning lenders' stock (only pertaining to those college officials who make loan decisions for our institution).