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19)
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I have questions about the Hope Scholarship and Lifetime Learning Credit benefits?
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For more information regarding the Hope Credit, the Lifetime Learning Credit, and other tax benefits for postsecondary students, see the Internal Revenue Service's Tax Incentives for Higher Education Expenses
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20)
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What if I have other questions about my financial aid?
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Financial Aid staff are available to answer questions via telephone at 909.469.5353, Monday, from 7:30 a.m. until 9 a.m. and noon to 5 p.m.; and Tuesday through Friday, 7:30 a.m. to 5 p.m. or via email at finaid@westernu.edu.
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21)
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Is an Alternative Loan For Me?
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Alternative loans are distributed by private lenders. These lenders include banks, credit unions and private lending companies (not loans from the government).
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22)
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Why would I want to get an alternative Loan?
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An alternative loan may provide enough funds to enable you to attend and pay for the college of your choice. However, alternative loans frequently have a higher interest rate, so you may want to consider this option only after exhausting all other financial aid options such as government loans and scholarships.
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23)
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What's the difference between Federal and alternative loans?
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Almost all alternative loans are going to have a higher interest rate than any government loan. Alternative loans may offer more flexibility in terms of when you repay.
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24)
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How do I repay?
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Each repayment plan has its own terms, and it's important to research the options of each prospective plan. In addition to your monthly payments, you may have to pay a guarantee fee. |
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