Apply for an Alternative Loan
COMPARE, CHOOSE AND APPLY FOR AN ALTERNATIVE LOAN
For your convenience and consideration, we have provided a link below to our ELM Portal, our loan processing agent, which hosts a list of alternative private loan lenders. This portal keeps up to date lending details for each of our preferred lenders. This portal allows students/families to compare and contrast their top lender choices prior to selecting a lender. In this portal we have compiled a list of alternative loan lenders that have communicated to us their stability and commitment to provide funds for our students and parents. Be assured that Gordon College receives no benefits, financial or other, from this lender for being chosen to be on our suggested lender list. We have found them to be competitive in the market and have been efficient in processing with the Gordon College. You are not required to select a lender from our compiled list, but regardless of the lender you choose, please be sure to read all promissory notes and disclosures before signing. If you click on the link below you will be forwarded to our ELM loan comparison and selection portal.
Loan products from state agencies (These loans have residency restrictions and some interest rates have been not updated)
MEFA (Massachusetts)
RISLA (Rhode Island)
MELA (Maine)
NJCLASS (New Jersey)
When you have applied, we will receive notification of your application through ELM, our loan processing agency. We will complete the certification of the loan by notifying the lender that the student is enrolled at Gordon College. The funds will then be disbursed to Gordon in late August.