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Alternative Financing for Students
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There are a variety of loan programs available that are designed specifically to provide students with alternative financing.

The principal and interest may be deferred while you are enrolled. The interest on the loan is capitalized annually and the repayment period is up to 20 years, depending upon the amount borrowed and the type of loan you are seeking. You may obtain additional information and/or applications by contacting the lenders directly.

Federal Parent Loan (PLUS)

Your parent(s) may be eligible to borrow up to the cost of attending Rensselaer (minus other financial aid accepted). The PLUS repayment begins 60 days after the funds are disbursed.

For details, visit or contact Rensselaer’s Office of Financial Aid at (518) 276-6813 or by e-mailing

Alternative Student Loan

This is a private loan separate from any federal loans the student may already be borrowing. We encourage students to consider Federal Loans before utilizing alternative loans.

The annual loan maximum would be the total Cost of Attendance minus the offered financial aid. It is up to you to apply for the loan and work with the loan company to be approved. Please note that the student may need a cosigner.

Once the loan has been fully approved, the loan company will contact Rensselaer and we will certify the loan for up to as much as you are eligible to receive (Cost of Attendance minus financial aid being received). Once this process is complete, the loan company will send the funds to Rensselaer and they will be posted to your account.

More information regarding how to apply for PLUS and Alternative Loans is available on the Financial Aid Website.

If you will be applying for either of these loan-types, we strongly recommend beginning the process after May 1, 2016. The financial aid staff will begin certifying these loans over the summer.

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