About Taking on Private Educational Loans
Your ability to obtain private funding is largely based on your credit-worthiness and current indebtedness. Students will likely be required to use a cosigner. Interest rates will be based on the student's and cosigner's credit-worthiness.
We encourange you to compare loan terms (interest rates, fees, payment obligations, etc.), as they vary widely. Deferment and/or forbearance options are services of the lender and are different within each private educational loan product. If you experience financial hardship or difficulty making payments, contact your lender immediately.