Compare Private Student Loans | 05.18.11

Posted in Private Student Loans By Student Loan Network Staff

Student loan applicationThere are a lot of private student loans out there, so finding the best one for you can be a difficult and confusing experience. Taking out a student loan is a big decision, and like all big financial decisions, you must be well informed before applying.

A tool that could prove very helpful to you in your search for a good deal is our private loan comparison tool. It allows you to compare some of the most popular lenders and review what benefits their loans offer. Plus, if you find a good option, you can apply for a private loan right there, making it a much simpler process. While the comparison tool is a great help, you also have to know what to look for. To help with this, make of list of what loan benefits are most important to you, that way, you can more easily narrow down your choices.

Some things to consider include:

  • Fees
  • Interest Rates
  • Repayment Options
  • Deferment options
  • Cosigner requirements and release options

If you’re worried about taking out private loans because of your credit score, then a good option is to apply with a cosigner. While not always required, apply with a cosigner can do two things. First, it can help to qualify you for a loan as most first-time students haven’t built up enough credit yet. Second, it can potentially lower your loan interest rate, giving you a better deal over the term of the loan.

Shopping for student loans can be confusing, but it doesn’t have to be. Comparing private student loans is easier than ever with this tool, so hopefully, everyone the loan they need!

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16 Responses to “Compare Private Student Loans”

  1. honestly says on June 11, 2011 at 9:04 am:

    Yes, people. Goverment loans are better. However, sometimes they don’t cover. I’ve still got a few thousand left that I have to figure out how to pay for after grants, scholarships, an loans. And I’ll have more next year, as one of my scholarships is one-time only. Just because government loans are better, doesn’t mean that private loans aren’t an option.

    Reply To This Comment
  2. RoadOutOfDebt says on May 26, 2011 at 11:10 am:

    I also sustain that governmental loans are better. A great thing is that you can ask for forgiveness and under certain circumstances, the government will cancel all or part of your student loans.

    Reply To This Comment
  3. Kimberly Drobot says on May 24, 2011 at 8:39 pm:

    My need for scholarship money or work-study Federal or Non-Federal is crucial. Due to Domestic Violence I left my home and all my possessions almost three years ago. Needless to say, I destroyed my credit and have been struggling to end my plight into Homelessness. I would like to know if there are any Loans Private or Government who would take the risk to lend to one with bad credit due to extreme unfortunate circumstances. I also do not want to ask anyone to be a co-signer I want to attain whatever I need to continue my Education on my own accountability and integrity.

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  4. chris says on May 24, 2011 at 8:10 pm:

    loans should be reasonable something you can pay back within a decent time frame.

    Reply To This Comment
  5. quis says on May 24, 2011 at 3:33 pm:

    Good website,I know ill get lucky sooner or later

    Reply To This Comment
  6. Renee' says on May 24, 2011 at 3:29 pm:

    All loans should be considered cerefully. Knowing your own ability to repay the loan should be a major factor in such consideration. Each had associated risks involved.

    Reply To This Comment
  7. Marquis Mckinzie says on May 24, 2011 at 3:07 pm:

    Frustrates me how difficult going to school has become

    Reply To This Comment
  8. Mary says on May 24, 2011 at 10:29 am:

    Private loans should be a last resort when looking for options to pay for college.

    Reply To This Comment
  9. April says on May 24, 2011 at 9:25 am:

    I think government loans are way better then private ones!

    Reply To This Comment
  10. Andrea says on May 21, 2011 at 5:49 pm:

    I need to get a private loan in order to pay for the remaining balance of my schooling for this upcoming year.

    Reply To This Comment
  11. Nashra Phanor says on May 21, 2011 at 12:20 pm:

    Useful information for anyone who is willing to take out a private loan.

    Reply To This Comment
  12. Michelle says on May 20, 2011 at 11:02 pm:

    I agree

    Reply To This Comment
  13. amneh says on May 20, 2011 at 12:48 pm:

    governmnet loans are better than private loans

    Reply To This Comment
  14. Sharol says on May 19, 2011 at 9:36 am:

    Are there any loans for foreign Students without cosigner who have good credit

    Reply To This Comment
  15. Tharindu says on May 18, 2011 at 4:05 pm:

    I think I’ll stick with staford loans, since that’s what I’ve been using for quite some time.

    Reply To This Comment

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