We work to bring the best lenders in front of our users.
Moreover, we work to educate our users on responsible borrowing during college and responsible repayment after college.
Federal Direct Loan Program (FDLP) loans include Direct Subsidized, Direct Unsubsidized, Direct PLUS (for parents of dependent undergraduate, graduate, and professional students), and Direct Consolidation loans.
Private loans, also known as alternative or nonfederal student loans, are made by private lending institutions.
Anyone considering a private student loan should understand all aspects of the loan, the application process and its repayment requirements.
Many of the following questions may be under consideration What is credit history and why is it important?
If you or your co-signer don’t have good credit, you’ll likely pay a higher interest rate for a private loan than you would for a federal loan.
When your loan defaults, you’re considered in violation of your loan agreement, and your lender or servicer can request immediate payment in full.With the information below, let us help you understand the basics. Private Student Loans Offered by private lenders like Sun Trust, private student loans can help bridge the gap between the cost of a college education and the financial aid received from federal student loans, scholarships and grants.And if you're still confused, don't be afraid to call us. Sun Trust recommends students compare all aid alternatives prior to applying for private student loans.Seven out of 10 college students take out student loans during their college years. The US Department of Education, state governments, and private lending institutions all offer student loans.Here’s a rundown along with links to pages that provide more information about each type of loan.In addition, you are much more likely to be approved for the best private student loan if you have a creditworthy cosigner.