Private Student Loan

Bridge The Funding Gap

Cover the True Cost of Your Education.

When federal aid and scholarships aren't enough, private student loans provide the remaining capital you need for tuition, housing, and textbooks—with competitive rates and flexible repayment options.

Cover Up to 100% of Costs Borrow exactly what you need. Our network of private lenders can cover up to 100% of school-certified costs, including room, board, and tech equipment.
Flexible In-School Repayment Focus on your studies. Choose to defer payments entirely until 6 months after graduation, or pay interest-only while enrolled to lower future costs.
Cosigner Release Options Apply with a creditworthy cosigner to secure a lower rate, then apply to release them after consecutive on-time payments once you graduate and build your own credit.

Check Your Rates

Get a custom rate quote from our private lending specialists. Checking options will NOT impact your credit score.

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Interactive Tool

Funding Gap & Repayment Estimator

Find out exactly how much private capital you need to cover your remaining tuition, and estimate your standard monthly payment once you graduate.

$

Estimated cost for the academic year (Tuition + Room/Board).

$

Total grants, federal loans, and cash on hand.

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Note: This simulation calculates standard principal and interest payments that begin after graduation. Accrued interest during in-school deferment is not capitalized in this basic estimate.

Your Funding Gap & Repayment

Private Loan Amount Needed
$25,000
The Funding Gap
Estimated Monthly Payment
$297
Post-Graduation P&I
Estimated Total Interest
$10,610
Cost of Borrowing

Understanding Your Loan Options

See how Private Student Loans compare to Federal options to make the smartest borrowing decision.

Feature Private Student Loan Federal Direct Unsubsidized Federal Parent PLUS
Borrowing Limits Up to 100% of school-certified cost of attendance. Strictly capped annually (e.g., $5,500 - $12,500). Up to 100% of attendance cost.
Primary Borrower The Student (Usually with a Cosigner) The Student The Parent (Parent is legally responsible)
Credit Requirements Based on credit score (Cosigner highly recommended). No credit check required. Adverse credit history check required.
Origination Fees Usually Zero ($0) ~1.05% of loan amount ~4.22% of loan amount (Very High)

Private Student Loan FAQs

Yes, absolutely. You should always complete the Free Application for Federal Student Aid (FAFSA) to exhaust your options for scholarships, grants, and federal direct student loans first. Federal loans often have fixed interest rates and income-driven repayment protections. Private education loans are designed to bridge the gap when federal aid does not cover the full cost of attendance.
For undergraduate students with limited credit history or income, a creditworthy cosigner (like a parent or guardian) is almost always required to get approved for a private student loan. Adding a strong cosigner not only increases your chances of approval but usually significantly lowers the interest rate offered by the lender.
Many private lenders offer a "cosigner release" option. This allows the primary borrower (the student) to apply to have the cosigner (the parent) legally removed from the loan after graduation. Typically, this requires the student to make a specific number of consecutive, on-time payments (e.g., 12 to 36 months) and pass a credit check demonstrating they can afford the loan on their own.
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