Private Loans

  • What is a Private Loan?

    Private loans, also known as alternative loans, are available through various private lenders and banks. Private loans are not Federally guaranteed and the terms and conditions are set by each individual lender not the federal government. Most private loans require an approved credit check before a student will be considered for the loan.

What is the difference between a private loan and a Federal Direct Subsidized/Unsubsidized Loan?>