Best Student Loan Rates for 2022

Understanding Student Loans & Your Options

Understanding Student Loans & Your Options

The cost of college can be a financial burden for students and their families. To help cover these expenses, people use student loans which are typically obtained through banks or private lenders. To finance post-secondary education costs like tuition fees; room & board in residence halls/campus apartments, books priced per term ( semester ), not necessarily by academic year. There's no one-size-fits-all when it comes down to how much you'll need! In addition, some pinch-hit generic living expense money, so they don't miss out entirely on life outside the classroom yet remain financially sustainable while attending college. 

When comparing private student loans, it's important to remember that each lender has its own set of terms and rates. Also, know there are variations between federal Loans vs. a typical private loan application process because they both have slightly different eligibility requirements, which can make the difference between approval or rejection on your behalf!

Students in class (color toned image)

Find Out if a Private Student Loan is Right for You!

Check the requirements below and make sure all apply to your situation and save time in getting started.
Think you’re ready? You'll need a few things before applying for private student loans with one of our preferred lenders: View full eligibility details here!

Student
  1. I have gone through all my family's financial options, such as a 529 plan (money designated for your education).
  2. I made sure to apply for all options that do not require payback(scholarships, grants, & work-study programs).
  3. I filed for maximum federal financial aid programs (FASFA® form)
Co-signer
  1. The applicant is a U.S. Citizen or Permanent Resident
  2. The applicant & student live in a state where the lender is licensed to lend. It is not required that both parties reside in the same state. 
  3. The co-signer must meet the income requirement of the lender (*Note - Income requirements may vary per lender.)
  4. The co-signer mus must meet the credit score requirement of the lender. (*Note - Credit score requirements may vary per lender.)

Frequently Asked Loan Questions

Frequently Asked Loan Questions