Private Student Loans for College

Are you a college student pursuing a degree? We have private student loans for both undergraduate and graduate students. Whether you’re a college student or the parent of a college student, we’ll help you find the best plan.

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What is a Private Student Loan?

The short answer is, a private student loan is any student loan not issued by the government. Private lenders, like banks and financial companies, offer student loans that can be helpful to those whose federal loans don’t cover all of their education related expenses.

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Types of Private Student Loans

Private student loans are available for every stage of higher education including undergraduate, graduate, PhD, law, MBA, dental, medical, and other professions. Private parent loans are also an option that allows parents or guardians to borrow to help pay for college.

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What Can Private Student Loans Be Used For?

Private student loans can be used to pay for eligible expenses, directly or indirectly, related to your education:

  • Tuition and fees
  • Room and board
  • Books and supplies
  • Computers and electronics for school
  • Travel costs

Learn more about what expenses you can cover with student loans.

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How to Apply for Private Student Loans

Our simple loan application makes it easy to apply for a private student loan in 3 minutes. Before you apply, it’s a good idea to learn how the student loan process works.

Steps to Apply:

1. Review your financial aid options.

Before you apply, it's a good idea to see whether you can offset the cost of your education through grants and scholarships and how much you can borrow with a federal loan.

2. Consider how much you'll need to borrow.

The cost of college is different for everyone, but you can get a general idea of tuition and fees by referring to your Expected Family Contribution (EFC) amount on your financial aid award letter.

3. Know when to start applying for a private student loan.

Find out where you are in the college planning timeline and plan out when you need to apply in time for school.

4. Find out if you're qualified.

You can find out if you're qualified by using our prequalification tool. Most students have limited income and credit history, so they will most likely need to find a creditworthy cosigner to help qualify.

5. Apply with our 3-minute quick application process.

When you're ready, get started and apply with us and we'll help guide you through the process!


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How long does the loan application process take?

You can apply and get your credit decision within 3 minutes. If you are approved, you’ll then need to accept your terms and e-sign your loan documents, which can all be done right after approval.

How much of my education costs will this private student loan cover?

Credit-worthy applicants can borrow up to 100% of the school-certified cost of attendance, which typically includes things like tuition and fees, books and supplies, room and board, transportation and personal expenses. The minimum amount you can borrow is $1,000.