What is a private student loan?
Private student loans are loans for your education that you get through a private lender such as a bank and are not funded by the federal government. Watch the video for more information on how private loans work.
Where can I get a private student loan?
You must apply directly through a lender. You are free to choose any lender you wish. If you choose to borrow from a lender you might consider using a tool called ELM by visiting ELM Select. ELM Select helps undergraduate, graduate and international students determine which lender and product is right for them. You can filter by lender, repayment types, index rate, enrollment and satisfactory progress. You can also compare lenders and their products side by side to determine the best private education loan for you. Get started.