Financial Aid Office Office Hours Monday – Friday 8 a.m. – 4:30 p.m. Phone (570) 321-4040 or 1-800-345-3920 Fax (570) 321-4993 Email Private Alternative Loans Note: We encourage all students to consider federal student loans before seeking private alternative loans. In most cases, the federal interest rates and repayment terms are more favorable. Many loan programs are available for families who are ineligible for financial aid or those who need additional funds for their educational expenses. These alternative sources may be a line of credit extended to the family for four years or a supplemental loan processed on a yearly basis. In most cases, eligibility for alternative loans is based on the personal credit history and financial circumstances of the family. Since a credit rating is a required part of the loan approval process, the parent is usually the cosigner for this type of loan. If a parent is willing to cosign a Private Alternative Loan they may want to strongly consider the Parent PLUS Loan since the terms are often more favorable than Private Alternative Loans. Final Note Students and parents may have questions or concerns not addressed within this material. All students and parents are encouraged to contact the Financial Aid Office regarding any financial aid issue that may arise.