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A private student loan can help you come up with the money you need to pay for college once you have exhausted your other financial aid. We'll show you examples of when a private loan might be right for you. It's not easy these days to get approved for a private loan, so it's also important that you understand how to acquire a credit-worthy co-signer.
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Graduate students often turn to the private loan because it seems like an easy choice for their busy lifestyle. Before you make a decision, research all the types of graduate student loans available to you. Make sure you maximize your free money and federal student loan amounts before considering a private loan.
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Our guide for parents helps you understand the financial aid options available to help your child pay for college, including the private loan. If you are ready to help your child with a private student loan as a co-signer, you'll also want to check out our Understanding Credit section.
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