Summary Info
  Detail Info
  Calculate How Much
 
Private student loans are credit-based products that require credit guidelines such as a credit history, verifiable income, etc., to qualify.

So many students will need a qualified co-signer such as a parent or another in order to qualify for this loan.

Call us at
1-866-230-4578
to discuss how best to qualify for this loan.
Private Student Loan Summary
 

intro:
private student loans can be used to make up the difference between total cost of school and any financial aid that the student may receive

Loan Amount up to $40,000 annually 1
Processing Time preliminary approval in as little as 15 minutes
Payment Begins after graduation 2
Disbursement funds disbursed directly to you
Rate Incentives link to private student module for information
Apply Now apply online for private student loan
or call: 1-866-230-4578
Aid Tracking track your financial aid resources
  uses:
private student loans are designed to pay for education-related expenses, including your personal PC and past tuition bills
 

amount:
eligible to borrow from $1,500 to $30,000 annually (or up to $40,000 annually for certain schools) 1

  no restrictions:
loan amounts are not tied to any federal or college limits — you can borrow as much as you need up to the approved loan limit.
  fast loan processing:
conditional approval in as little as 15 minutes; funding can be made in as little as 5 business days from receipt of your completed application.
 

repayment:
begins after graduation or separation from school: 2

 

rate reduction incentives:
reduce your rate by up to 0.50% during your repayment period: open footnote for information

  eligibility:
must be 18 years or older attending at least half-time in a degree, graduate or certificate program
  approval requirements:
satisfactory credit history and sufficient income required for approval — many first-time students may need a qualified co-signer such as a parent or another in order to qualify for the loan.
  co-signer release benefit:
students can apply to release co-signers from the private student loan after student meets certain criteria: open footnote for information
  rates:
competitive interest rate loans; choice of no fee option: see footnote on rate reduction incentives
 

best way to apply for private student loans:

1 student to start application online
fill in all the information
related to your funding needs and save your application
2

get your parent or another co-signer
to retrieve the saved application. Parent or co-signer completes their section and submits —

or they may dial 1-866-230-4578 to review the application with a SayStudent Loan counselor

3 upon approval,
funds will be sent to the student - student and co-signer establish a budget plan to make sure aid borrowed meets education costs.
   
 
budget tracking sheet:
keep tabs on your student loans to help plan financial aid needs for each academic year -- plus manage your monthly living costs:
FREE download
College Budget
 

For More Information:
(red-tab links open pages within our Private Student Loan area)

  more private student loan information: for undergraduates
  more private student loan information: for graduates
  more private student loan information: for continuing ed students
   
  TIP: view the pros and cons of private student loans
  TIP: calculate how much you need

Footnotes:

1 Undergraduate and graduate borrowers may borrow annually up to the lesser of the cost of attendance or $30,000 ($40,000 for certain schools where the cost of attendance has been determined to exceed $30,000). Borrowers in Continuing Education may borrow up to $30,000. Subject to credit approval.

 

 

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