Northeast State Community College - We're here to get you there
Note: Effective with the 2013-2014 academic year, Northeast State Community College will no longer be participating in the Federal Direct Loan Program. We appreciate your understanding. Should you need to obtain a student loan to help cover educational expenses, you may consult an alternative or private lender.

Alternative Loans

  • A credit-based student loan applied for through individual lenders and processed by the institution.​
  • A student loan to help "bridge the gap" between a student's awarded financial aid and the Cost of Education budget.

  • Private Bank/Credit Union student loans that are not processed by the institution are private loans processed directly through a third party bank/credit union. These types of loans do not come through the Financial Aid Office and all information is between the bank and the student.​

  • Private student loans may be an important source of funding for any students who are in need of funding beyond that which federal programs provide during the year.​

  • Students can request alternative/private student loans in an amount not to exceed the Cost of Education minus all other accepted financial aid and resources.​

  • Northeast State recommends that you complete a FAFSA each year to determine your eligibility for Title IV aid.​
  • Search for a lender by using a search engine and typing in "Alternative Loans". Research each lender carefully to see which one provides the best terms and conditions for you. Apply to the lender directly by completing the application process. Co-signers may be required.
  • Once approved, the lender will notify the Financial Aid Office of the approval along with terms.
  • All loans are processed in date order.
  • Alternative/Private Student Loans may have a "right to cancel" stipulation. Please ask your lender about this stipulation.
  • All disbursements will be sent from the lender as a check and will include both the student's name and the school name. All disbursements will need to be endorsed by the student and applied to the student's account. Once all Northeast State tuition and fees are paid, any remaining amount will be released to the student during the standard check process.
  • Students may be required to pay tuition and fees out of pocket and reimburse themselves once the funds are released. There are no deferments for Alternative/Private Loans.

Private Loan Options

According to Title X of the Higher Education Opportunity Act, education institutions are not permitted to recommend alternative/private lenders to students. The list below is an alphabetical historical list of alternative loan providers that students have used in the past.

  • Eastman Credit Union
  • 1.800.999.2328
  • SallieMae
  • 1.877.279.7172
Important Note: Loan providers are listed alphabetically. Order does not indicate any preference or recommendation by Northeast State Community College or the Tennessee Board of Regents system.

  • ​According to Title X of the Higher Education Opportunity Act, educational institutions are not permitted to recommend alternative/private lenders to students.

The code of conduct prohibits:

  • revenue-sharing arrangements with any lender;
  • receiving gifts from a lender, a guarantor, or a loan servicer;
  • contracting arrangement providing financial benefit from any lender or affiliate of a lender;
  • directing borrowers to particular lenders, or refusing or delaying loan certifications;
  • offers of funds for private loans;
  • call center or financial aid office staffing assistance; and
  • advisory board compensation   

Contact and Location

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Northeast State Community College, a Tennessee Board of Regents institution, is an equal opportunity, affirmative action institution. For questions or concerns, please contact the Affirmative Action Officer.