Get a Private Student Loan to Pay for School | 08.25.10

Posted in Financial Aid, Private Student Loans, Student Loans By Student Loan Network Staff

Hey, fellow college kids! It’s the time of year again for school to start. Are you wondering how you’ll be able to pay for it? Don’t let a school’s price tag or lack of financial aid scare you away. Be sure to look into getting a private student loan.

Private student loans are offered by a wide variety of companies, and allow users to borrow up to the full cost of their education.  Besides your actual school tuition, you can also use a private student loan for textbooks, housing, meals, and any other school-related fees. Unlike federal loans, interest rates for private student loans vary, and there are absolutely no deadlines. While scholarship applications and FAFSA enforce deadlines, you can apply for a private student loan at any time.

To qualify for a private student loan, you need to be a United States citizen or permanent resident applying alongside a co-signer with good credit history, and be enrolled in school at least half time.  Find out what your options are now!

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2 Responses to “Get a Private Student Loan to Pay for School”

  1. emmanuel says on August 28, 2010 at 6:53 pm:

    why is it that the loans are for only american based students what can we from africa do to also get loan to finance our education.

    Reply To This Comment
    • Evan Jacobs says on August 30, 2010 at 8:08 am:

      You would need someone in the US to co-sign for you if you want to take out a private student loan. Otherwise, many schools have special financial aid programs designed for international students that can help reduce the cost of studying here.

      Reply To This Comment

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