The cost of higher education seems to be skyrocketing. Therefore, many people need to take out student loans to pay for college. Federal student loans are available. However, there are private student loans that will give you the money you need to pay for college. Some private student loan options include:
- Sallie Mae: This company is a leader in the student loan industry. Both graduate and undergraduate students can apply. There is no cap on the amount you can borrow while you are in school. You have a fixed rate or a variable rate option. You also will have flexible repayment terms. The website offers an online calculator in which you can determine the cost of your college expenses. You normally need at least a 640 credit score.
- iHelp: This company offers one of the longest terms of all student loans. They will connect you will a local bank that could offer you a private student loan. There is no prepayment penalty, and you will not be required to make payments until 6 months after you graduate. You must be a United States citizen, and you must have some credit history.
- College Ave: This is a fairly new company that offers student loans. You can receive a fixed or variable rate loan. Rates are competitive, and the company offers flexible repayment terms. Your term can be up to 15 years. Approval is based on your credit. Students will usually need a cosigner. You must be a US citizen or permanent resident to qualify for this private loan.
- SunTrust: This company offers student loans for both graduate and undergraduate students. You can complete an application on the website, and they offer both fixed and variable rates. You could receive a discount if you apply early. You can use a co-signer if needed. For 12-24 months, you will only pay interest. You normally need at least a 640 credit score to qualify. It will also look at your current debts and payment history.
- Citizens Bank: With this student loan company, you can receive a discount if you are a bank customer. Your term will be up to 15 years, and you have numerous options for repayment. To qualify, you need a 620 credit score, and you need to make at least 12,000.
Money should not prevent you from attending college. You can obtain a private loan and achieve your dream occupation. You should not be limited by money; student loans are available, so research your options and find the best choice for you.