What are the enrollment requirements for alternative (private) loans?
When applying for a private loan, it's essential to meet certain enrollment requirements:
- Half-Time Enrollment: You must be enrolled at least half-time in a degree or certificate program.
- Accredited School: Your school must be accredited by a recognized agency.
- Continuous Enrollment: Maintaining continuous enrollment is usually required; dropping below half-time may affect eligibility.
Enrollment requirements are determined by the lender, and they can vary. Borrowers should contact their lender for detailed information.