What Are The Best Private Student Loans

Q: I need more money for college than I receive from FAFSA. I do get some money from federal student loans, and have been awarded a few small scholarships, but my costs of college are simply not covered. What are the best private student loans, and can you recommend a private student loan lender?

A: While, we cannot recommend one private student loan lender over another, we do have a Private Lenders Directory, which includes most private student loan lenders. The “best private student loans” are going to vary from borrower to borrower and from lender to lender, all private student loans are not created equal. Private student loans are based on credit, and therefore the better your credit, the better your private student loan rate.

If you want to have a chance at securing the best private student loan possible, take into consideration your credit, and if you have poor or little credit history, seek a creditworthy cosigner for your private student loans. Different private student loan lenders offer different rates and loan terms. It is best to take your time and evaluate what each lender is offering, instead of simply locking into the first private student loan you find. For more reading on private student loans, visit our Private Student Loans section.