Alternative (Private) Loans

Some lenders offer alternative (private) loans as a means to fund your education. These loans are based on your credit history, and most require a cosigner. They should only be used in addition to any federal, state, school or private funding you receive. Always file a FAFSA before applying for an alternative loan, to determine your eligibility for federal and school financial aid. You may be eligible for Federal loans or grants which usually have much more favorable terms and conditions than Alternative loans.

• The CIA uses a Preferred Lender List because we believe that the list simplifies the selection process for a student.
• Method: We solicited responses from lenders, asking specific questions about programs, benefits, experience and service.
• Criteria: We used fees, experience and the ability to offer personal contact as the three most important criteria.
• Students are not required to select a lender from this list.
• This list is intended as a guide. Students may choose any lender offering an Alternative loan, regardless of whether or not the lender appears on this list.
• The interest rates on these loans are variable, and depend on your credit rating. Students with excellent credit ratings will receive the most favorable interest rates.
• Neither The Culinary Institute of America nor any of its employees benefits from the inclusion of lenders on this list.
• Click here for information about federal grants and loans.

Preferred Lender List for Alternative Loans:

• Chase
• Citibank
• Wells Fargo
• New York Higher Education Loan Program (NYHELPs)
  For New York State Residents only

Complete information on services and benefits for these lenders.