Alternative or Private Loans


Alternative loans, also known as private loans, are consumer loans made through various lenders to individuals to help pay for college expenses. A student may be eligible for these loans based on credit and other factors determined by the lender. WCC encourages students to explore available options including completing the Free Application for Federal Student Aid (FAFSA) and applying for WCC scholarships before considering loans. Students are also encouraged to apply for scholarships through the WCC Foundation Office. For more information about Foundation scholarships and application deadlines, please visit The Foundation Scholarships page.

Loans are not free. They must be repaid with interest. While there are a variety of lending options available, WCC does not endorse the services of one lender over another. It is recommended that students perform a thorough review of all lenders to make a suitable choice. Students using alternative loans for attendance at WCC have used the following lenders.

NC Student Assist Loan

Sallie Mae Smart Option Student Loan

Wells Fargo Career and Community College Loans

The PNC Solution Loan

Cohort Default Rate
The College ceased participation in the William D. Ford Federal Direct Loan Program in the 2013-2014 school year. Information about WCC’s official cohort default rate, including the number of student borrowers and the national average cohort default rate is available on the U.S. Department of Education website.

For further information about alternative or private loans, please contact the Financial Aid Director at wcc-finaid@waynecc.edu.