10 Best Sources for Private College Loans

By Susan - Tuesday 25 Nov 6:54 pm

Applying to college is an important time in every student’s life, and it is something that has a lot of emphasis placed on it from a very early age. There are numerous exceptional schools out there, but some are just not affordable to the general public. Private College Loans allow for anybody to be able to apply to the colleges that they wish to attend, even in lieu of the ever escalating costs of education.

There are a few financial institutions offering private college loans that are highly regarded in offering competitive deals in this niche. Private college loans are generally offered at a higher interest rate than federal loans, and will often require that a credit check and history be compiled before approval is made.

At present, with the increase in stringency on credit applications, there are many private college loans that are currently not accepting any further applications, and those that also stress that their policies are strict and will only accept those you qualify 100%. Here you will find 10 of the best sources for private college loans that are actively accepting new candidates, and can offer these services to a broad spectrum of applicants. The selections are also based on popularity of the private college loans scheme, ease of application and the overall competitive package.

1. Chase Private Student Loans – a market leader in private college loans offering loans of $1000 – $40000 per year
2. Wells Fargo – A private college loan with an incentive of .50% reduction if you graduate, and a .25% reduction for making automatic repayments
3. Sallie Mae – Considered to be the leader in private college loans, offering learners enhanced and informed opportunities across America
4. College Loan Solutions – A division of Student Loan Network, they offer private college loans for up to .5% lower than prime, based on your credit evaluation
5. Think Student Loans – Private college loans that pay out as little as 48 hours from the date of approva
6. Studentloans.com – Easy application process for private college loans with fast and efficient response times for loans of up to $30000 or $40000
7. Discover Student Loans – Private college loans that offer a 2% graduation rebate for all successful graduates
8. College Loan Corporation – Offering private college loans for up to the full amount of your tuition fees – temporarily not offering student loans
9. Citibank – A private college loan where you can receive up to .75% reduction in your loan repayments. .50% for 48 consecutive successful repayments, and .25% for opting for automatic repayment
10. Student Loan Financial Group – Private college loans for between $1500 and $40000 annually

All of the above institutions offer informative application processes that are easy and stress free. Some are more competitive than others in interest rates, while others pride themselves on being efficient in the application process. Whatever you want from your private college loan will be found in the above recommendations.

Posted in: College Loans

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