Private Educational Loans
Private Education Loans or Alternative Education Loans are loans that help to fill in the gaps of government loans. Families usually apply for private loans for the student when the federal loans are not sufficient or when they need a different repayment option. Credit score will determine the eligibility of private loans, these loans are generally more expensive than those offered through the government, but are cheaper than a credit card. It pays to do your research on private loans. They offer competitive finance rates along with a variety of repayment plans. Money from private loans is sent directly to the student versus being sent to the school the way government loans are. 1
Undergraduate Student Loans
Undergraduate student loans are unsecured loan intended for education related expenses. These expenses include tuition fees, living expenses, books, transportation costs, or previous school fees. Students who are not working will need a cosigner such as a parent or other qualified person. 2
Career Education Loans
Students attending a career oriented program at an accredited institution, technical school or a trade school are able to apply for a career education loan. Career schools are not necessary cheaper than other college degrees. The advantage to this type of degree is a quick entry to a trade such as computers, automotive repair or refrigeration. Career loans may be used for expenses intended for schooland will need a co-signer if they do not qualify on their own. 4
College Parents Loans
Parent college loans have the advantages of not having to put up collateral like their home. Parents may borrow for their child’s education and apply the money towards tuition, living expenses, public or private school and other related educational needs such as books. 5
K-12 Parents Loans
K-12 loans are for parents who wish to send their child to a non-public school like private, military or religious school. Parent choose private schools for a variety of reason such as giving their child a head start in life, their child has a learning, disability or they want to enhance their child’s unique skills. K-12 loans are unsecured loan which may be used for educational-related expenses such as books and uniforms. With the cost of private education running from $15,000 - $20,000 a loan to help with expenses comes in handy. 6
- 1- FinAid | Loans | Private Education Loans
- 2 - Undergraduate Student Loan Options
- 3 - Types of Educational Loans | Student College Loans
Educational loans can be termed as a type of a monetary assistance such as funding, rewards, financing and scholarships, which when borrowed in cash, have to be returned with some added interest.
- 4 - Trade School Student Loan Programs
- 5 - PLUS Loans - Federal Parent PLUS Loans for Undergraduate Students
PLUS Loans allow parents to fund the total cost of education through a Federal PLUS Loan. Let us help your family afford college!
- 6 - Paying for private K-12 schools and tutorial centers
Paying for private school and tutorial programs: The K-12 Family Education Loan can be used to cover the entire cost of a child's education and expenses at private primary and secondary schools, including Catholic schools, day schools, and boarding s
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