Unlike Federal Student loans programs, private educational loans are specialized education loans based on your credit history and income and should only be considered after all federal loans (Stafford and PLUS), grants and scholarships have been exhausted. Lenders typically give better terms for better credit history. Many lenders also allow cosigners which may help you qualify for better rates.  Students are advised to compare loan programs carefully before choosing a lender. Interest rates, fees, and other provisions of these programs are subject to change by the lender. Contact the lenders directly for detailed information on individual loan products.

Private Educational Loans FAQ
How to apply