NOBTS does not offer a loan program through our institution, but we do work with independent financial institutions that offer Private (also often called Smart Option, Signature, or Educational) Loans. Important: NOBTS does not accept any Federal loans including Stafford loans and Pell grants, though your current Federal loans can continue to be deferred while you attend NOBTS.
Alternative loans are non-federal loans offered by lending institutions to assist students in meeting their educational expenses. They are also referred to as private education loans. Interest rates and fees are generally determined by the credit-worthiness of the borrower and/or co-signer.
NOBTS does not participate in a preferred lender arrangement. Below is a list of lenders that we have the most experience with when processing the private alternative loans. The NOBTS Financial Aid Office and its staff do not endorse or accept any incentives, financial or otherwise from any lender. Lender information is provided as a courtesy and in no way should it be interpreted as a requirement to use one of the lenders listed below. Your reasons for selecting a particular lender should benefit you, the borrower. NOBTS will process loans from any lender that participates in any educational loan program. We encourage you to do your homework and consider a number of lenders before deciding on one.
Some denominations, corporations, and community organizations provide student loans. NOBTS does not endorse or partner with any of the loan providers listed here, however, students may contact these providers directly to find out more information. Contact the Financial Aid Office if you encounter questions or concerns while pursuing one of these alternative loan options.
The Financial Aid Office and PREP are partnering to implement an altered process for loan certification. Students requesting their fourth student loan or student crossing the cumulative $10,000 loan threshold will trigger the updated loan certification process: