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Private Loans

YCCC does not have a "preferred lender list" for alternative loans. The following have issued alternative loans to YCCC borrowers in the last five years.

 

Maine Educational Loan Authority

Key Bank

Suntrust Bank

TERI

Wells Fargo

 

Should YCCC provide information regarding a private education loan from a lender to a prospective borrower, YCCC will provide information to the prospective borrower, including:

  • Information required under the Sec. 128(e) of the Truth in Lending Act (15 U.S.C. 1638 (e)
  • That the prospective borrowe may qualify for loans or other assistance under Title IV, HEA Programs; and
  • That the terms and conditions of Title IV, HEA Program loans may be more favorable than the provisions of private education loans.

 

Financial Aid Staff Code of Conduct

 

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