Alternative Loans

Below is a list of recommended lenders at UMBC for private/alternative loans.  To apply for an alternative loan, click on the "Apply Now" under the lender from whom you wish to borrow and follow the steps provided.  If you have any questions, please contact the Financial Aid Office.

After you have completed your application, your loan request will:

• be sent electronically from the lender to our loan data provider, ELM, and
• we will receive your loan request and certify your loan eligibility on ELM within our current processing timeframe (Usually three to four weeks), and
• ELM will send notification to your lender that your loan request has been certified, and
• your lender will schedule your electronic funds transfer (EFT) directly to UMBC.

You can track the status of your loan by logging onto ELM at http://www.elmresources.com