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Private Loans

Eligibility for private loans is based on credit-worthiness and ability to repay; not on financial need. We caution you to borrow loans only when absolutely necessary.


What does Chaffey College require of students in order to process an alternative loan?
  • You must be a U.S. citizen or permanent resident
  • You must file the FAFSA application
  • You must complete your financial aid file with Chaffey College
  • You must apply to have your loan funded during an eligible semester
  • You must apply no later than the final semester deadlines for processing loans, approximately 3 to 4 weeks before the end of the Fall or Spring semester. Check the Important Dates page for specific dates.
  • You do not have to meet the requirements of Chaffey College Satisfactory Academic Progress Policy to get and keep an alternative loan.

How do I apply for an alternative loan?

  • Prior to processing an alternative loan at Chaffey College, you must file the FAFSA and complete your financial aid file. For Fall 2018, complete the 2018-2019 FAFSA electronically at

  • Chaffey College's school code for the FAFSA is 001163

  • Next, select the lender you want to use and review their requirements and terms. We have provided a link for your use in researching private loans. This, in no way, limits your options in researching possible lenders or choosing a lender not listed in the lists indicated in the link below. When you have decided on a lender, you will need to apply. The lender will communicate with Chaffey College electronically. If the lender is not listed as an option on the link below, you should follow the application procedures the lender prescribes.

    Listed below is a link to a website where the borrower (and co-borrower) can review possible lenders, their benefits, and their application processes. It is a tool that may aid you in selecting a private educational loan. This website allows you to compare private loan terms and rates side-by-side. The site will give you an overview of loan options before requesting an application and credit check. We recommend you review the terms and conditions of each of the lenders to obtain the loan that best meets your needs.

    The Fast Choice Electronic List

  • Be sure to list Chaffey College as the school you are attending so the lender will know where to send the loan certification request.
  • You have to tell the lender how much you want to borrow. Please refer to the "How much can I borrow?" information below to help you decide on a loan amount.
  • You must select the loan period. Chaffey College Financial Aid Office only processes loans for the following periods: Academic Year (Fall and Spring), Fall only or Spring only.

What happens next?
  • Once the lender approves the loan, a loan certification request is sent to the Financial Aid Office. If the student's file is complete, we will certify the loan for the lender. If the student's file is not complete, the certification will be placed on hold until the file is complete.
  • The lender then prepares a loan check made payable to the student borrower and mails the check to Chaffey College. Loan disbursements are divided into two equal disbursements per term, i.e. two payments for each semester. If a student requests a loan to be paid in one-term only, the loan is paid in two equal payments. Loan disbursement dates are determined by the requested loan period and the date the loan is certified.
  • Once our office receives the loan check, we will verify student enrollment and contact the student when ready for pick up.

Please note: Alternative loan funds are not disbursed through the school system and do NOT pay any charges on the student's account.

How long does it take to process an alternative loan?
  • It depends. Depending on the time of year the loan certification request is received, processing can take up to 3 to 4 weeks on average.
  • Please note: No alternative loan funds can be disbursed to the school sooner than the beginning of a semester.

How much can I borrow?
  • Generally, the minimum alternative loan amount you can request is $1,000.
  • The maximum you can borrow is your Cost of Attendance, minus any financial aid; unmet need. The amount borrowed cannot exceed the student's budget, or cost of attendance, as is determined by the school. To find your Cost of Attendance, please select the appropriate budget form on our website at Cost of Attendance.

Can I be denied for an alternative loan?
  • Yes, as alternative loans are credit-based loans. If denied, contact your lender for information concerning any resolution options available to you.

What is the enrollment requirement for an alternative loan?
  • Enrollment requirements vary according to the lender, but most lenders require a minimum of half-time (6.0 units) enrollment. Please refer to your lender's website for additional information.

What is the interest rate on alternative loans?
  • The interest rate varies by lender. Please refer to your lender's website for information.

Is there any loan fees?
  • Loan fees vary by lender. Please refer to your lender's website for complete information.

When do I begin payment on my alternative loan?
  • Please refer to your lender's website for detailed information on repayment.

If you have additional questions, please contact our office by emailing the financial aid office at or by calling the office at 909-652-6199.

Financial Aid Office Hours

Friday, November 9

All Financial Aid offices in Fontana and Chino will be closed beginning at 1pm and the Rancho Campus will close at 2pm.

Monday, November 12

All Financial Aid offices will be closed in observance of Veterans Day.
Mon. & Thur. 7:30am - 7:00pm
Tues. & Wed. 7:30am - 4:30pm
Friday 7:30am - 4:00pm

Learn about financial aid
through these short videos

FinAid TV

Go to Chaffey's Financial Aid TV

Changes to the
FAFSA Process
for 2017-2018

FAFSA - Free Application for Federal Student Aid

You can now apply for
the 2017-2018 school year!
File a 2017-18 FAFSA
as early as October 1st
to apply for aid for the Fall 2017 term.

BankMobile Disbursements
to learn about how disbursements are made!

California Student Aid Commision logo

California Student Aid Commission

Questions about CalGrants?
Check out the CSAC site.

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Chafee Grant for Foster Youth

Visit this site or your
ILP worker for more info.

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National Student Clearing House.
Trusted source for enrollment verification and loan/lender information.



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