Private Student Loans for Undergraduates

Often times, Federal student loans, such as the Stafford Loan, don't cover the entire cost of education. The Student Loan Network Private Student Loan can help you fund up to the cost of education (minus other aid received) at competitive interest rates and loan fees. Cover educational expenses, including tuition, books, room and board, school fees, and more (as certified by your school).

Benefits of the Student Loan Network Private Student Loan

  • Borrow from $500 up to the cost of education
  • Competitive rates and fees
  • Defer all payments until 12 months after you graduate [a]
  • Up to a 1% interest rate reduction with borrower benefits [b]
  • Take up to 25 years to repay, depending on the loan balance [c]

Many Students Need a Co-Signer to Be Approved

We encourage all borrowers to apply with a creditworthy co-signer to increase their chances of approval and of obtaining a lower interest rate and/or fee.

To be eligible for a private student loan, you must:

  • Be enrolled at least half-time at an eligible institution;
  • Be making satisfactory academic progress;
  • Be at least 18 years of age (19 in Nebraska and Alabama, 21 in Puerto Rico and Mississippi. Mississippi residents between the ages of 18 and 20 may borrow with written consent from a parent or guardian);
  • Be a U.S. citizen or an eligible non-citizen holding a valid unexpired Alien Registration Receipt Card (INS form I-151 or I-551); and
  • Meet lender underwriting criteria. A co-signer is required if the borrower has minimal or no credit history. The co-signer may be a parent, or any other eligible person who meets lender underwriting requirements.
[a] The deferment grace period is defined as 12 months from graduation or 6 months after a student drops below half-time enrollment.

[b] Borrower benefits terms and conditions are subject to change.

[c] The repayment period may be less than the 25-year maximum allowed depending on the borrower's indebtedness at the beginning of his or her repayment period and the requirement that the borrower either satisfies a $50 minimum monthly payment amount (level schedule) or the terms of a graduated repayment schedule.

Student Loan Network offers this Private Education Loan through an arrangement with Campus Door, Inc. All loans are subject to credit approval. Lender is Lehman Brothers Bank, FSB. Equal Opportunity Lender. All Rights Reserved. Edvisors is compensated for the referral of private loan customers to the Lender.