The aftermath of the credit crisis that began in 2007 has drastically affected the availability of private student loan options. However, there are still a number of lenders willing to provide these credit-based loans to qualified borrowers or borrowers with a credit-worthy co-signer. You can compare your private loan options by using our loan comparison tool on the right.
Before applying for private student loans, ensure you have exhausted your federal student loan eligibility. Most students will qualify for federal student loans such as the Direct Stafford loan. Others with financial need may quality for a Perkins loan. Federal loans generally have more favorable terms and more flexible
repayment options. Filing the FAFSA is where you get started with all forms of federal financial aid. Review the financial aid guide on this site that describes you best for all the details.