Search for Scholarships

Financial Aid Calendar

Loan Repayment Calculator

FAFSA

Find Your Credit Score

Equifax Score watch

Important changes to came into effect on July1, 2008 for all Undergraduate Stafford Loans. Notably, the Stafford interest rate has dropped from 6.8% to 6.0% for subsidized loans!

Most times federal financial aid doesn't cover the total cost of your college education. If this sounds familiar to you don't panic. You can still get the money you need for college and tuition fees with a private student loan.

Private student loans are credit-based, unsecured, loans which are available to any approved student for tuitions, fees, room and board or rentals, student school supplies, and any other education-related expenses.

Remember all private student loans are subject to credit approval and may require a co-signer.

You can apply for a Private Student Loan at anytime. You can apply at the beginning, middle or near the end of the school year. It’s entirely up to you.

Unlike the Federal loans, there's no application deadlines and the terms may be a little more flexible depending on your credit history.

Because your loan will not be federally subsidized there will be no need for you to complete the FAFSA application.

Some terms and common questions you will want to consider when applying for your private student loan might include:

• Are the interest rates and fees competitive for your private student loan? Compare lenders!
   

• Is there a grace period for repaying your loan? Perhaps after graduation...
   

• How long will it take to get approved for my private student loan
   

• Are the funds payable directly to you, or your school?
   

• How long will it take to receive disbursements after final approvals?
   

• Does the lender offer payment incentives? Such as discounts for
  automatic payments or deferment options?

There may also be some benefits when you apply with a co-signer who has a solid credit history, especially if its with the lender you'll be applying to for your private student loan. A good co-signer will likely increase your chances of approval and qualifying for lower interest
rates and/or loan fees

Your Credit History Report

When you apply for a private student loan you'll need to demonstrate your ability to repay the loan.

Consequently you'll need to know your credit score?  Equifax can easily check your credit score, access your credit history, analyze your credit, and alert you when key items in your credit record are altered.

Be sure to Get Equifax Score Watch Now! to receive your credit score and credit report.

Terms of Use

Privacy Policy

Contact

About Us

Directory

Site Map

FAFSA

Credit Report