Alternative Loans can have a much higher interest rate than Stafford Loans. Contact your lender for more information

You must abide by the following, if you are considering an Alternative Loan at Clark College:

• Apply for Financial Aid
  All students must complete the Free Application for Federal Student Aid (FAFSA). You may apply online at www.fafsa.ed.gov.
  
  
• The Amount you can Borrow
  The Financial Aid Office will determine the maximum amount you may borrow for your attendance at Clark College. The College will notify your lender with a process called 'certification'. Your costs will be determined by adding up the expenses related to college attendance, then subtracting any financial aid (scholarships, veteran's benefits, agency funds, Stafford Loan funds, or other assistance) you have to help pay for college. The difference is the amount you can borrow in an alternative or private educational loan. For example:

• Satisfactory Academic Progress
  Clark College reserves the right, on a case by case basis, to deny certification for students who fail to meet the Academic Standards of the College. For more information on this policy, go to Satisfactory Academic Progress Policy, then select the appropriate year to find the policy described in detail.