Private Student Loan Benefits

Private Loan Benefits:
  • Borrow up to the true cost of your education
  • Fast eSignature process

There are many private student loan benefits. Private student loans are a handy form of financial aid that can be used to cover expenses not met by federal financial aid.  In addition to tuition and room and board, private student loans can be used to cover virtually any school related expense:

  • Transportation and housing expenses
  • Books, supplies, Lab fees and computers

Additional Private Student Loan Benefits

Flexibility Benefits

Deadlines, deadlines, deadlines. It seems at every turn in financial aid, there's another deadline to watch. Private student loans give you the flexibility to apply whenever the need arises during your time as a student. While federal loans may not disburse until a month into the semester, these private student loans can fund in a matter of days after receiving your completed application.

Versitility Benefits

Additional expenses may creep up during the semester that were not originally considered. Private student loans give you the versitility to pay for books, room and board, lab fees, and transportation.

Elegibility Benefits

Scholarships and federal financial aid are restricted. Federal financial aid and federal student loans are based largely on demonstrated financial need (except for the PLUS loan), grade level, and student status. Private student loans are not need-based which means that anyone is eligible.

Simplicity Benefits

Private Student Loans don't require lengthy applications or paperwork like the FAFSA. E-Signature helps make it faster to apply and submit your application. To help speed up the process even more, we recommend having your social security number, co-signer and reference information available when you apply.

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