They choose loans from private lenders who exclusively offer hard to place mortgages for individuals that were turned away by banks.
Not exact matches
While Parent PLUS
Loans offer the same terms to all borrowers,
private lenders provide a wider range of student
loan terms
from which to
choose.
Before
choosing a federal
loan over a
private one, apply for a rate quote
from a few different
private lenders.
When
choosing to refinance through a
private lender, most
loans are eligible; in fact, the main thing barring you
from refinancing with a
private lender is your credit history.
When it comes to
private student
loans and student
loan refinancing, a
lender may offer more than one repayment plan to
choose from.
There are many
lenders and different
private student
loan programs to
choose from, so it is important you do your homework and shop around for the best
private student
loan for your situation.
While federal
loan rates are standard across the board in a given year,
private loans vary widely
from lender to
lender, which is why it's important to do careful research before
choosing a servicer.