The International Sports Sciences Association financial aid office advises that an alternative private loan option can be used after all federal direct loan options have been exhausted, as federal direct loans generally have better benefits and lower interest rates. We encourage students to apply for federal direct loans before applying for an alternative loan.
The International Sports Sciences Association Financial Aid office does not promote or endorse any specific private lender.
Any student applying for a private education loan at International Sports Sciences Association must complete a FAFSA form in order to ensure that all available waivers and grants are available to the student, as well as to encourage students to make use of low-interest loans available through the Department of Education (subsidized if eligible). Student borrowers at International Sports Sciences Association are counseled to compare the terms and conditions of Department of Education loans with the terms and conditions of private education loans to determine the more favorable borrowing option.
Private loans may have fixed or variable interest rates. Private student loan lenders can offer variable interest rates that can increase or decrease over time, depending on market conditions. The interest rate on a private loan may depend on the borrower’s credit rating. Private student loans have a range of interest rates and associated fees. Students should determine the interest rate of, and any fees associated with, a private student loan prior to accepting the loan as part of a financial aid award package. Questions regarding private student loans should be directed to the lender or to the school’s Financial Aid Office.
Upon request, International Sports Sciences Association will provide the self-certification form for private education loans required under Sec. 128(e)(3) of the Truth in Lending Act (15 U.S.C. 1638(e)(3) and the information required to complete the form, to the extent that International Sports Sciences Association possesses the information.