ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel
  • »
  • Personal Finance»
  • Paying for College

Private Educational Loans

Updated on June 5, 2012

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

Source

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

Graduate/Professional Students

Graduate/ professional student loans are available once a student has reached advanced degrees at an accredited institution. The loan may also be used for the purpose of education-related expenses. If the student is not working or has less than desirable credit a suitable co-signer is necessary. 3

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

Comments

Submit a Comment

No comments yet.

working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: "https://hubpages.com/privacy-policy#gdpr"

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)