How to Apply for an Alternative Loan
How to Apply for Alternative Loan:
Step 1: Complete an Online Alternative Loan application. Please review the
list of lenders for Alternative Loans. You are not obligated to use these lenders and may borrow from any lender or credit union of your choice. Note, any lenders outside of LMU’s process may delay funding. Please review the lender’s terms and conditions to make an informed decision. Apply online directly with that lender.
LMU Financial Aid Office, Student Loan Programs Unit will certify the Alternative Loan once we receive an approval and request from the lender. Your loans will be set to disburse equally over the terms of enrollment, fall and spring, unless it is your final term and you will receive one disbursement. Your loans are scheduled to be received in your student account no sooner than 10 days prior to the start of class.