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summary: private student loans
Four (4) quick notes about private student loans
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Loan Amounts
- private student loans can make up the difference between total cost of school and any financial aid that the student may receive — up to 100% of the certified cost of education 2
- you can get extra funds to pay for tuition, books, housing, computer and other education expenses.
- pay now or later-defer your payments until after graduation or choose an in-school repayment option that fits your needs 7
- 0.25% rate reduction incentives available 4
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Loan Eligibility
- satisfactory credit history required with or without a co-signer
- applying with a creditworthy cosigner may help you qualify and/or receive a lower interest rate
- you can apply for a cosigner release after you graduate and make 12 consecutive on-time principal and interest payments
- no originations fees for degree-granting institutions
Helpful Tools
Some helpful tools for making college aid decisions:
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College Aid Topics
Key topics on college aid issues:
Student Financial Aid (summary)
