Millsaps College recognizes that even with grants, scholarships and federal loans you may need additional funding to meet your college expenses. To fill the gap between financial aid and the cost of attendance, Millsaps students may investigate alternative loan funding.
Undergraduate and graduate students must be enrolled in an eligible program. Loan approval is subject to credit criteria set by the lender. Your credit report will be obtained from a national credit bureau. If approved, you may borrow on a yearly basis, an amount up to the student's cost of attendance, less any financial aid he/she is receiving.
Items to Review
Millsaps encourages you to review each loan thoroughly. Listed below are a few items that should be considered:
After the loan has been approved and the lender receives the promissory note and required signatures from the borrower and cosigner, the lender will request certification from Millsaps College. Once Millsaps certifies your loan, it will be scheduled for disbursement.
If your loan funds are not ready for disbursement by the time of registration, your alternative loan will not be counted toward your costs and new payment arrangements must be made.
How to Apply
Please click on one of the lenders below. This will take you to the on-line pre-approval application for the lender you choose. Complete and submit the pre-approval application following all instructions. Your lender will notify Millsaps once your application has been completed, approved and signed.
Choice of Lender:
Because the alternative loans are not federally regulated the interest rates, repayment terms and other provisions are varied depending on the lender you choose. Please investigate each lender to find the best match for your funding needs.
Listed below is a comprehensive, neutral list of lenders our students have used over the past few years for their alternative loan funding.
Millsaps College derives no benefit from, nor participates in any revenue sharing agreements with the lenders below. The College provides this alphabetized list as a service to our students and Millsaps students are free to choose a lender not represented below. If you choose a lender not listed below, please inform us so that we may insure that our electronic processes are set up for that lender. You may reach us tollfree at 1-800-352-1050, call us at 601-974-1220 or contact us by email: email@example.com.