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Some students may find it necessary to finance a portion of their
education through private loan sources such as a Key Educational Resources
or Access Group Loan. This may be the case for those students who
(1) do not wish to provide their parental information; or (2) still
have remaining financial need (as demonstrated in their student budget)
after all other funds have been awarded.
These Private Alternative Educational Loans are distinct from other
private loans. Students must apply for private loans (other than
the Private Alternative Educational Loans) on their own. Students
often elect to apply for a private loan for the period during which
they are studying for the state boards and/or for expenses incurred
while applying for a residency program. Interest rates vary according
to the lenders.
Because Private Alternative Educational Loans and other private
loans are generally not federally guaranteed, the borrower must
demonstrate credit-worthiness, which is based on an applicant’s
personal credit history, including factors such as prior loan repayment
records and current personal debt.
If you believe that you will need to seek private loan funds to
help meet your education expenses while attending dental school,
we suggest that you request a credit history report as soon as possible
to evaluate your ability to secure private loan funds. Please note,
a credit report request requires approximately four weeks.
Major National Credit Reporting Agencies
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