Alternative Loans are private educational loans that are available to students in need of additional financial assistance after all other types of funding have been exhausted. You, the student, will be the borrower of the Alternative Loan; however, you may need a credit-worthy individual to act as a co-signer. Some alternative loans may require interest payments while the student is enrolled in school.
A credit-based loan with a fixed interest rate of 7.9%, with default and up front origination fees of 4.205% (beginning 2013-2014). Repayment begins 60 days after the second disbursement, although most lenders offer an annual forbearance option.
A subsidized loan with a fixed 5% interest rate which students begin to repay nine months after graduating or dropping below half-time enrollment. Pitt-Greensburg is given a limited amount of funds from the federal government and will be disbursed on a "first come - first serve basis" to qualifying students.
Each year, the University of Pittsburgh at Greensburg awards numerous endowed scholarships, made available by the generosity of many individuals, clubs, organizations, industries, businesses and foundations, to deserving students.
General Requirements To be considered for endowed scholarships, all students must:
Financial aid regulations dictate that a student must demonstrate academic progress in order to continue to receive financial aid. Aid agencies are not aware of your academic progress when they determine your eligibility for grants. An award letter from them only means that you are financially eligible; Pitt-Greensburg is required to determine if you are also academically eligible. If you do not meet the standards for academic progress stated below, you are not eligible to receive financial aid.
