What is a Private Student Loan?
Private student loans are offered by lenders as an additional source of funds for higher education. These student loans are not federal government loans and may be more expensive for the borrower than federal student loans. Private student loans are good options after other financial aid sources have been exhausted.
Do I Need a Private Student Loan?
If you have exhausted all other sources of financial aid and still have unmet expenses, a private student loan is a good option. Financial aid staff at your school may have done the research to compile a list of preferred lenders that offer competitive student loan terms and customer service. This lender list may be available online or in the financial aid office. If your school does not provide guidance many lenders offer private student loans. National Education offers several private student loan products, all with highly competitive terms. In all cases carefully choose the lender that best meets your needs. Remember: borrow only what you need!
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How Do I Choose a Private Student Loan?
To determine the best loan for your needs, consider all of these factors in your evaluation.
Please read this section carefully. If, after doing so, you feel you will need private student loan funds, click here to take advantage of National Education's highly competitive student loan products.
Annual Percentage Rate (APR)
The APR is the annual cost of your loan, including interest, fees and charges. The APR will be impacted by several factors, including: