University of Central Arkansas

Private Lending for Higher Education

Welcome to FastChoice

Private or Alternative loans may provide a source of funding for educational expenses but they are best utilized after federal, state and institutional scholarships, grants and loans are applied for and utilized. It is important to determine your eligibility for these other forms of assistance prior to applying for and accepting private student loans. Federal student loans may have more favorable terms than private education loans. Lastly, private education loans may reduce the student's eligibility for free or lower cost financial aid available to a student. Students may begin the process of applying for federal student loans through the UCA Financial Aid website or by going directly to the federal government's web site to complete the FAFSA. Here you will find a comprehensive list of the private education loan lenders that UCA students have used within the last three years. It is not a preferred lender list. It is important that you compare the terms and conditions of the loans before you commit to a particular lender.

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Searching for a Private Loan?

There are many ways to pay for higher education, and choosing the right approach requires a good understanding of your options, your responsibilities, and the various details of each lender's loan products.

It's a lot to keep in mind. FastChoice makes it easy by providing you with information about private loans in an easy-to-understand format, to help you determine which private student loan best meets your needs.

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Borrowing Essentials

Borrowing Essentials provides an interactive overview of some basic information about borrowing money to pay for your education.

The next few pages will quickly get you up to speed. Having a good understanding of these topics will help you get the most out of what you borrow on the best possible terms. You'll be better equipped to make an informed decision.