Unlike a federal student loan, which is regulated by the government, private student loans are issued by independent lenders. (studentloanhero.com)
The new independent lenders use different criteria than a traditional bank or credit union to evaluate how likely a person is to repay a loan. (debtconsolidation.com)
The best peer - to - peer lending sites take a different approach by matching independent lenders with borrowers. (simplethriftyliving.com)