Private Loans

Overview

Private Student Loans, also known as Alternative Student loans should be explored after all other options have been exhausted. They help bridge the gap between the actual cost of your education and the amount the government allows you to borrow through the federal student loan program. Private loans are offered by private lenders and eligibility often depends on your credit score. As a last resort, families can turn to private student loans when federal student loans do not cover all of their expenses.