Alternative Loans

BEFORE applying for an Alternative Loan, please note:

Application Priority Processing Dates

Your loan application must be on file with our office by these dates in order for your loan funds to be available for the first billing due date.

Priority Processing
Summer 14 Fall 14 Only Fall 14/ Spring 15 Spring 15 Only Summer 15
Application should be received in our office by the following dates: April 18, 2014 June 27, 2014 June 27, 2014 Dec. 12, 2014 May 1, 2015

Final Application Deadline Dates

Loan applications submitted after the priority deadline dates will be processed throughout the semester; however, alternative loan applications should be submitted to your lender by the following dates to be processed for the following semesters:

Final Deadlines
Summer 14 Fall 14 Only Fall 14/ Spring 15 Spring 15 Only Summer 15
Application should be submitted to your lender by the following dates: June 27, 2014 Dec. 12, 2014 May 1, 2015 May 1, 2015 June 26, 2015

Self-Certification and Cost of Attendance (COA)

Alternative Loan Lenders

The University of Maryland, Baltimore County has partnered with ELM to provide a neutral listing of some alternative loan options that may be available to you. By clicking the link below, you will be taken to the ELM website where you can search through many lenders which partner with ELM. There are many lending institutions so students and parents should carefully research multiple options and choose the lender that best meets your individual financial needs. Borrowers may also choose lenders that are not listed on the ELM website. Please note that the listing of alternative loan options on the ELM website is not comprehensive and the University does not endorse any specific lender or group of lenders.

Alternative Loan Search

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.
  • Please monitor and respond quickly to any school or lender requests