Alternative Student Loans

Alternative student loans – also called alternative education loans – are one of the fastest growing ways to pay for college. What makes an alternative student loan 'alternative' is simply the fact that it is not guaranteed by the federal government (or any state government). Since federal loans have restrictive loan limits, many students need alternative education loans to help pay for all the expenses associated with college.

Think Student Loans are alternative student loans and are available to any student attending an eligible school. Alternative student loans usually require less paperwork than federal loans and do not require students to fill out a FAFSA. Think Student Loans offer distinct advantages:

• Get a check sent directly to you or your cosigner¹
• No payments while in school²
• Apply online in minutes
• Borrow up to a $250,000 lifetime aggregate maximum
• Online decisions in as fast as 1 minute

An alternative student loan – or an alternative education loan – can generally be used for all types of education expenses. A Think Student Loan can be used for tuition, room and board, and a computer. It’s this kind of flexibility that makes alternative education loans – like a Think Student Loan – attractive.
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¹ This loan does not require school certification and the proceeds are disbursed in the form of a check co-payable to the borrower and cosigner (if applicable), mailed directly to the applicant with the stronger credit profile.

² Interest will continue to accrue while your payments are deferred, and it will be capitalized (added to your principal loan balance) when repayment begins.