Student Financial Services
Alternative Loans
Loans in this category are credit-based loans offered by various private lenders and are certified by the College each year for the student's entire annual academic period of enrollment. There are numerous alternative loans available from a wide variety of lenders.
Students should have the application completed and ready for certification by the school no later than July 25th for students beginning enrollment in the fall semester and November 25th for students beginning enrollment in spring semester. This will ensure the crediting of loan funds in a timely manner and prevent late payment fees.
Simmons College will not certify loans in a pre-approval status. Only loans that are fully approved (promissory note and additional documents submitted to lender) will be certified. Loans will not be certified for a partial period of enrollment (i.e., a single semester) unless it is the student's final period of enrollment.
Therefore, Simmons strongly encourages students to plan for the entire annual period of enrollment when applying for private alternative loans. Students' maximum eligibility for alternative loans is their total cost of attendance less any other financial aid they have received.
For the Parent PLUS Loan or Graduate PLUS Loan, you can initiate the application process by completing a Master Promissory Note (MPN) by clicking here. For the Parent PLUS Loan, a parent should click on "Complete New MPN for Parent PLUS Loans." For the Graduate PLUS Loan, a student should click on "Complete New MPN for Student Loans," then "Graduate PLUS." After you complete the MPN, you will then need to complete a PLUS Loan Request Form which you can download and send to our office (our mailing address and fax number are listed at the bottom of the form).
For alternative loans through lenders we recommend, you can view a listing with benefits and direct links to the lenders' websites where you can submit an application online through ELM Select online.
