Get a Private Student Loan to Pay for School | 08.25.10

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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