how to get a private student loan

Best answer


To get a private student loan, you mustapply directly through a non-federal lender鈥攕uch as a bank, credit union or online-only entity鈥攁nd meet their borrowing requirements. Nonprofit organizations, state agencies and colleges also make private student loans.

People also ask


  • How do I apply for private student loans?

  • This means the private loan application process is much different and is based largely on your credit. For federal loans, you fill out the Free Application for Federal Student Aid (FAFSA), but for private student loans, you must apply directly with the financial institution, sharing your financial information in hopes of qualifying.

  • How can I get the best rates on private student loans?

  • That said, it鈥檚 key that you shop around for the best rates on private student loans, and look for additional ways to save. One option? Putting your private student loans on autopay, as many lenders offer a discount for that.

  • How can I get a student loan for Graduate School?

  • Apply directly with a bank, credit union or online lender. Your credit history affects the interest rate and repayment terms. Some private lenders may have specific loans for graduate students depending on field of study. You typically can borrow up to the cost of attendance minus any other financial aid.

  • Who makes private student loans for college students?

  • Nonprofit organizations, state agencies and colleges also make private student loans. In nearly all cases, if you鈥檙e an undergraduate with limited credit history, you鈥檒l need to apply with an eligible co-signer who meets the lender鈥檚 income and credit minimums.

    Related Posts

    Leave a Reply

    Your email address will not be published.