Alternative or Private Loans
Non-government loans tend to charge higher interest rates that vary from lender to lender. For this reason, BJU recommends federal student loans first and private loans only to cover the difference.
| Source | Eligibility | Amount | How to Apply |
| Pickett and Hatcher Educational Fund | Available to students from all states enrolled in a four-year, liberal arts program (except premed, prelaw, and ministerial) | $5,500 per year | Write to Pickett and Hatcher Educational Fund, P.O. 8169, Columbus, Georgia 31908-8169 or call 800.864.8308 (Applications available January 1 until depleted) www.phef.org |
| TERI Loan | Financial need - credit worthy (might require co-signer) | Full cost of school year | P.O. Box 312, Boston, MA 02117-0312, 800.255.8374 www.teriloans.com |
| National City Loan | Financial need - credit worthy (might require co-signer) | Full cost of school year | Contact National City at 888.224.4492 www.nationalcity.com/bju |
| Wachovia Educational Loan | Financial need - credit worthy (might require co-signer) | Full cost of school year | Contact Wachovia 800.338.2243 or www.wachovia.com |
In order to take advantage of all possible financial aid opportunities, be sure to complete the FAFSA and all non-government and non-BJU scholarship, grant and loan applications by April 1, 2008.