Compare Private Student Loans to PLUS Loans

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

Private Student Loans help cover the difference between your total cost of education and other financial aid you have received, including Federal PLUS loans. Student loans can be used to cover educational expenses such as tuition, books, housing, school fees, student computers, supplies and more.

We recommend that you always exhaust Scholarships, Grants and Federal Loans before applying for Private Loans.

Private Student Loan and PLUS Loan Comparison

Federal PLUS and "Certified" Private Student Loans are disbursed to the school's financial aid office.

  Private Student Loan Parent PLUS Loan
Potential higher approval   Check
Requires school certification
Competitive rates and fees Check
Preliminary approval in
as little as 15 minutes
 
0.25% interest rate reduction for automatic payments check mark
Take up to 20 years to repay Check
Funds disbursed to the school
Apply for certified private student loans
Learn More

For more information about private student loans, check out our frequently asked questions page, or simply get started and apply online.