Private Student loans

   A Private Student Loan is often used to suppliment Federal Student Loans. Increasingly though, students find themselves stuck in a position where their family has too many assets and income to qualify for federal loans, but not enough assets and income to pay for school without assistance. Private Student Loans are today's answer to this problem. Private loans are popular because they can pay for so many types of college expenses, not just tuition. A Private Student Loan can be made to the student or the parents. The loan can have higher limits and have no payments until after the student graduates. But remember that interest starts to accrue immediately after the loan has began. A Private Student Loan is not guaranteed by the government, but are instead made directly though a bank or lending instatution. A Private Student Loan can be though the school that the student is attending, where the school signs off on the borrowed amount. Or it can be a direct to the consumer Private Student Loan in which the school is not involved at all in the loan. Direct to the consumer loans are quicker, with funds directly disbursed to the student, but they usealy have higher rates than certified loans though the attending school. Students and parents with excellent credit will generally receive lower loan rates.