WHAT IS A PRIVATE STUDENT LOAN?

Private student loans are credit-based loans that are created and offered by private lenders.

YOU MAY CONSIDER A PRIVATE STUDENT LOAN IF:

• You need additional funds for living expenses.
• You may not qualify for federal aid to cover your costs.

PRIVATE LOANS DIFFER FROM FEDERAL LOANS:

• They often have larger borrowing limits.
• Enrollment requirements are less restrictive.
• Repayment terms are more generous.
• Many require a cosigner to apply with you.

Contact your Financial Aid Counselor for assistance.