Private Student Loan Articles

Are you worried about graduating with a mountain of debt? We've got some great strategies to help you borrow responsibly while making your college dreams a reality.

While not impossible it is extremely difficult to discharge student loans in bankruptcy. If you are considering bankruptcy, read on to understand your options.

Your credit score is positively affected by the on-time student loan payments you make, and negatively affected when you miss or make late paymentsYour credit score is positively affected by the student loan payments you make, and negatively affected when you don’t make payments..

A cosigner is someone who agrees to share responsibility for repaying the loan if the primary borrower (you, the student) cannot make payments. This person can be a parent, relative, or even a friend. So, yes, having a cosigner can help get a private student loan.

Choosing the right type of interest rate for your private student loan is essential for your long-term financial health. Interest rates can be either fixed or variable, and each comes with its own set of advantages and disadvantages. 

With private student loans, you must carefully consider your options to select a loan with terms that fit your needs. 

Private student loans are educational loans provided by private lenders such as banks, credit unions, online lenders, and other financial institutions.  Private student loans typically require a credit check and may require a co-signer if the your credit score is low or if you have little or no income. The interest rates on private student loans may be variable or fixed.

The rising costs of college have made it more difficult to cover all the costs without having to borrow money in many cases. Private student loan lenders generally want student borrowers, (who for the most part lack a credit history), to have a cosigner to ensure the loan has a higher probability of being repaid on-time and in full.

Student loans are often necessary to help pay for college. Finding low interest student loans will help save money on the total cost of your education.

Private student loan forgiveness does not exist; at least not in the same way that federal student loan forgiveness exists. This article will examine some of the things you may be able to explore with your lender, or potentially with your attorney if you’re pursuing bankruptcy.

Attending trade school can be beneficial for a number of reasons. First and foremost, a trade school can save money when compared with traditional 4-year degree programs at colleges and universities. Because trade programs typically shorter than four-years, overall tuition costs are typically lower.

Learn the pros and cons of Private student loans, including borrowing up to your school’s certified cost of attendance, and potentially lower interest rates than federal student loans.

You can conquer your student loan debt. Here are some hacks, including tips on loan forgiveness, to help ease the burden of student loan debt.

One of the main advantages of a community college is that it can be much more affordable than attending a traditional four-year university. Community colleges are typically less expensive to attend, as tuition and other associated fees tend to be lower. That being said, you may need help paying for tuition and books even at a community college,

When considering your loan options, many students and parents wonder why they have to borrow a student loan. If they find a personal loan with better terms, or they’ve hit their student loan limits, wouldn’t this be an “okay” choice? While borrowing money is ultimately the choice of the borrower, it’s important to understand how each type of debt works before you make that decision.

If you have poor or no credit score, or don’t have a creditworthy cosigner it is likely you won’t be eligible for a traditional private student loan.

Questioning the ability to transfer student loans to another lender is common among borrowers because it can lead to better repayment terms and lower interest rates . This action is more typically referred to as consolidation or loan refinancing.

Private student loans provide you with an opportunity to borrow money to pay for your college, university, or other post-secondary educational expenses. Unlike federal student loans, private student loans are not funded by the government and are typically subject to private lenders’ terms and conditions.

If you are looking for a student loan, there are a number of options available to you. Depending on your situation, you may be able to choose from federal loans, private loans or both.  

When shopping for student loans, it's helpful to know the average student loan interest rate of private and federal student loans.

There are federal and private student loans available for nursing school. Once you’ve exhausted federal student loans, private student loans may help you fill the funding gap. Learn more about your federal and private student loans options.

Once you’ve exhausted federal aid, private student loans can help fill in gaps in college funding. Learn how to find the best private student loan option for you.

Colleges and lenders have programs in place to help you make ends meet when you need it most. Learn more about emergency help, including federal, state, institutional and private student loan options.

Interest on a student loan is the cost you pay for borrowing money. Federal and private student loans have different interest rates and formulas for calculating interest.

Income Share Agreements (ISAs) provide students with money to pay for college in exchange for a percentage of their income after graduation. Learn about using ISAs to pay for college.

Many colleges and universities offer their own loans to help students and families pay for college. Institutional loan funds typically come from the college’s resources, alumni, corporations, foundations, donors and repayments from prior college loan borrowers.

International students have limited U.S. loan options when it comes to borrowing to pay for college. There are lenders that work with international students, particularly if they have an eligible cosigner.

Are you a Texas resident or an out-of-state student attending a school in Texas? Discover student loan options specifically for students in Texas.

Find current private student loan interest rates and compare to federal student loan interest rates to find the loan that is right for you.

Credit is a big factor in getting approved for a private loan for college. Learn how banks judge your credit and how this affects your loan options.

Have you heard a lot about private student loans? We're busting 7 common myths with expert advice.

Compare your student loan options easily with our comparison tables. Understand the benefits of Direct subsidized and unsubsidized loans, PLUS loans, and private student loans.

Federal student loan interest rates are as low as @SUIRCurrent%, and private loans start around @LowestRateIS. But what does it really cost to borrow? Origination fees and other factors make a big difference on federal and private student loans.

Having a student loan cosigner is a great way to get approved for a private student loan and qualify for a lower interest rate. A cosigner can be any responsible adult who fits the criteria. Look for a lender that offers cosigner release as a way to relieve your cosigner of their responsibility once you’ve made a series of on-time payments.

Learn which student loans do not require a credit check, and what you need to know to qualify for credit-based student loans.

Students who do not have a cosigner are still eligible for student loans. Options include federal student loans, as well as some private lenders if you qualify. Learn more.