How do I apply for a private loan?
How do I apply for a private loan? Before borrowing a private loan, carefully consider your debt and repayment obligations on all loans. Determine how much you need to borrow by working out a budget for your educational costs and subtracting all of your available resources for those costs. Borrow only what you need. You should not – and may not be permitted to – enter into a private loan for more than your cost of attendance for the period of enrollment (usually the school year) minus any federal, state, and institutional aid you have been or will be awarded for that period. The NSLDS lets you view a summary of all of your federal student loans and obtain the contact information for the holders and servicers of your loans If you decide to apply for a...