Financial Aid Private (Alternative) Loan
Prior to borrowing a Private (Alternative) Loan, you should apply for free or lower-cost federal, state, or institutional student financial aid by completing the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov. The amount of free or low-cost funds may be reduced if you apply after receiving your Private (Alternative) Loan.
In addition, you should thoroughly investigate all lender
differences prior to applying for a Private (Alternative) Loan.
Prior to choosing a lender, you should be mindful of the following:
- Variable vs. Fixed Interest Rates
- Delayed Repayment (in-school deferment) vs. Immediate Repayment
- Application, Processing, and Disbursement Fees
- Flexible Repayment Options
- Repayment Incentives
- Consolidation Options
Any balance incurred due to a cancelled Private (Alternative) Loan, or failure to endorse your Private (Alternative) Loan check will result in a hold being placed on your student account, which will prevent registration for future semesters. It is your responsibility to endorse your check, if required by the lender, even if your loan funds have been put on your student account.
You may view the status of your Private (Alternative) Loan through myLCC.
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Financial Aid Office
2nd Floor - StarZone
Phone: (517) 483-1200
Additional contact information »
Monday - Thursday: 8am – 6pm
Friday: 8am – 4pm
School Code: 002278