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Private Student Loans

 

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Edvisors Network
Compare your student loan options easily with our comparison tables. Understand the benefits of Direct subsidized and unsubsidized loans, PLUS loans, and private student loans.
Female student smiling while sitting at a desk in front of a chalkboard that says Student Loan
Elaine Rubin
Compare the best private student loans. Learn about top private lenders who will offer you competitive rates and benefits and how you can easily apply online in minutes.
Distressed female student with help sign
Edvisors Network

Emergency Student Loans

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Colleges and lenders have programs in place to help you make ends meet when you need it most. Learn more about emergency help, including federal, state, institutional and private student loan options.
Tre Norman
Having a student loan cosigner is a great way to get approved for a private student loan and qualify for a lower interest rate. A cosigner can be any responsible adult who fits the criteria. Look for a lender that offers cosigner release as a way to relieve your cosigner of their responsibility once you’ve made a series of on-time payments.

Most Popular Articles

Edvisors Network
Credit is a big factor in getting approved for a private loan for college. Learn how banks judge your credit and how this affects your loan options.
Elaine Rubin
Income Share Agreements (ISAs) provide students with money to pay for college in exchange for a percentage of their income after graduation. Learn about using ISAs to pay for college.
Elaine Rubin
Learn the pros and cons of Private student loans, including borrowing up to your school’s certified cost of attendance, and potentially lower interest rates than federal student loans.
 

What are Private Student Loans

Elaine Rubin
Learn the pros and cons of Private student loans, including borrowing up to your school’s certified cost of attendance, and potentially lower interest rates than federal student loans.
Mollie Allen
Find current private student loan interest rates and compare to federal student loan interest rates to find the loan that is right for you.
Edvisors Network
Have you heard a lot about private student loans? We're busting 7 common myths with expert advice.
Edvisors Network
Compare your student loan options easily with our comparison tables. Understand the benefits of Direct subsidized and unsubsidized loans, PLUS loans, and private student loans.

How to Get a Private Student Loan

Penny Redlin

Low Interest Student Loans

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Student loans are often necessary to help pay for college. Finding low interest student loans will help save money on the total cost of your education.
Edvisors Network
Are you worried about graduating with a mountain of debt? We've got some great strategies to help you borrow responsibly while making your college dreams a reality.
Anita Thomas
When shopping for student loans, it's helpful to know the average student loan interest rate of private and federal student loans.
Elaine Rubin
Compare the best private student loans. Learn about top private lenders who will offer you competitive rates and benefits and how you can easily apply online in minutes.
Elaine Rubin
Federal student loan interest rates are as low as 4.99%, and private loans start around 0.99%. But what does it really cost to borrow? Origination fees and other factors make a big difference on federal and private student loans.
Edvisors Network

Student Loan Handbook

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Types of Private Financial Aid

Tre Norman

Private Parent Student Loans

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Several lenders offer private loans specifically for the parents of college students. Learn more about the costs and benefits of Private Parent Loans.
Tre Norman
There are federal and private student loans available for nursing school. Once you’ve exhausted federal student loans, private student loans may help you fill the funding gap. Learn more about your federal and private student loans options.
Edvisors Network

Emergency Student Loans

Updated on
Colleges and lenders have programs in place to help you make ends meet when you need it most. Learn more about emergency help, including federal, state, institutional and private student loan options.
Elaine Rubin
Income Share Agreements (ISAs) provide students with money to pay for college in exchange for a percentage of their income after graduation. Learn about using ISAs to pay for college.
Edvisors Network
Many colleges and universities offer their own loans to help students and families pay for college. Institutional loan funds typically come from the college’s resources, alumni, corporations, foundations, donors and repayments from prior college loan borrowers.
Tre Norman

Best International Student Loans

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International students have limited U.S. loan options when it comes to borrowing to pay for college. There are lenders that work with international students, particularly if they have an eligible cosigner.
Edvisors Network
Are you a Texas resident or an out-of-state student attending a school in Texas? Discover student loan options specifically for students in Texas.
Edvisors Network
Learn which student loans do not require a credit check, and what you need to know to qualify for credit-based student loans.

Student Loan Cosigners and Credit

Ainsley Rindfleisch
Your credit score is positively affected by the on-time student loan payments you make, and negatively affected when you miss or make late paymentsYour credit score is positively affected by the student loan payments you make, and negatively affected when you don’t make payments..
Elaine Rubin
Interest on a student loan is the cost you pay for borrowing money. Federal and private student loans have different interest rates and formulas for calculating interest.
Edvisors Network
Credit is a big factor in getting approved for a private loan for college. Learn how banks judge your credit and how this affects your loan options.
Tre Norman
Having a student loan cosigner is a great way to get approved for a private student loan and qualify for a lower interest rate. A cosigner can be any responsible adult who fits the criteria. Look for a lender that offers cosigner release as a way to relieve your cosigner of their responsibility once you’ve made a series of on-time payments.
Penny Redlin
Students who do not have a cosigner are still eligible for student loans. Options include federal student loans, as well as some private lenders if you qualify. Learn more.

Private Student Loans

A private student loan is a credit-based loan for college that can cover the gap between financial aid received and the full cost of attendance. Private student loans are issued by private lending institutions, such as banks and credit unions.

Private student loan terms and conditions vary by lender. However, there are some terms and conditions that tend to be pretty similar from lender to lender.

One way to find a private lender that works with your school is to contact your school’s financial aid office, you can also enter your school on the home page of Edvisors.com to see a list of lenders that work with your school.

The exact amount of time it takes to get a private student loan will vary by lender, school, and time of year. Generally, the process can take as little as two weeks and as long as two months.

Unless you have a strong credit rating and history, you will probably need to apply for a private student loan with a credit-worthy cosigner.

Yes, some private student loan lenders offer options for students who are seeking professional training and trade certificate programs.