Private Student Loan News

Private student loan news and program updates to help students and parents understand the latest trends and changes in private student loans.

How is my Private Loan Interest Rate Calculated?

 -  If you are applying for a private student loan, you might wonder how lenders arrive at the interest rates they charge on your loan. Contrary to popular belief, lenders don’t just pull a number out of thin air. In fact, they use one of two financial indexes to determine the interest rate that is then extended to borrowers. The two rates are the Prime Rate and the LIBOR Index.

3 Tips to Get the Most Out of Your Private Student Loan

 -  Did you know that the vast majority of private lenders offer repayment incentives such as interest rate reductions?

Financial Aid Options for International Students

 -  Many students from around the world flock to the U.S. to earn a college degree. Likewise many American students choose to study abroad for a semester. Both groups are likely to wonder how they can pay to study overseas. Here are some of the financial aid options.

Are you eligible for a private student loan?

 -  If federal aid and scholarships have left you staring at a financial abyss to pay for college, you might be considering applying for a private student loan. To be eligible for a loan, you must meet the following criteria.

A New Lender has Entered the Ring!

 -  Super Street Fighter jokes aside, we are pleased to announce that PNC Bank has been added to our comprehensive lender comparison tool on PrivateStudentLoans.com. As always, if you have questions, comments or concerns about any content on our websites, please leave a comment in our financial aid forum and we will work to resolve them asap! Compare [...]

Take Back Your Summer with a Private Student Loan

 -  July is a time for backyard barbecues and beach days. But for far too many people, it’s a time spent looking feverishly for ways to pay for a college education.

Practical Uses for a Private Student Loan

 -  By and large, the most common use for a private student loan is to help cover the remaining cost of tuition when federal loans and scholarships are not enough. But a private student loan allows you to be a bit flexible when paying for college. Here are some other uses for a private student loan you may not have considered.

3 Great Private Student Loan Shopping Tips

 -  If you’re like me, you probably did not receive enough money in federal loans for the school year. I graduated this past December and know all too well how frustrating it can be to find a loan or financial aid to cover what seems to be an insurmountable tuition gap. Thankfully, a private student loan [...]

Your Step-by-Step Guide to Finding a Private Student Loan

 -  Here we are in early July and in less than a couple of months, the fall semester will be underway. Now is the time when many students and their families are scrambling for financial aid. This is especially difficult if scholarships and federal loans left them well short. That is where private student loans come in.

Thinking about doing your degree abroad?

 -  If you are, there are unique financial aid challenges that you should know about. For instance, many schools will not qualify for federal aid since they are located outside the United States (with a few exceptions.) In addition, finding a private student loan can be more challenging due to the logistics of certifying a loan [...]