Allegany College of Maryland

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ACOM's Financial Aid Page

2009 GUIDE TO ALTERNATIVE LOANS

This is to advise students that there are considerably more advantages to applying first for the Federal Direct Loan Program, which includes subsidized and unsubsidized loans, before applying for a Private or Alternative Loan.

The terms and conditions, such as the interest rate, interest accrual, fees, repayment terms, and deferment situations of the Federal Direct Loan Program generally are more favorable than those of the Private/Alternative Loan. Some Private/Alternative Loans are now requiring interest payments be made while in school.

Click here to view the Smart Guide to Private Loans compiled by Student Lending Analytics and/or to apply for a Private/Alternative Loan

Financial Aid Office - 301.784.5213

Date Last Updated: April 5, 2010

ALLEGANY COLLEGE OF MARYLAND STUDENT FINANCIAL AID NON-DISCRIMINATORY STATEMENT
The Student Financial Aid Office of Allegany College of Maryland offers free financial aid counseling services to all persons who request such help. All students attending the College are awarded all of the student financial aid for which they are eligible. Students have the right to cancel/decline some or all of any student financial aid award. ACM’s Student Financial Aid Office does not discriminate on the basis of curriculum, race, color, creed, national or ethnic origin, gender, religion, disability, age, veteran status, or citizenship status (except in those circumstances permitted or mandated by Federal Law) when awarding or disbursing student financial assistance.

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Allegany College of Maryland:
12401 Willowbrook Road, SE · Cumberland, MD 21502-2596 · 301-784-5005
Cumberland Campus | Bedford County Campus | Somerset County Campus