Private Student Aid Programs

when you need a little extra to pay college expenses

Many federal aid programs do not cover the full cost of a college education. That is why many families turn to private aid programs as an alternative source of college aid.

Below are four (4) quick summary private aid programs for college

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private aid programs

Private Student Loans

Private Student Loans can make up the difference between total cost of school and any financial aid that the student may receive. You can get extra funds to pay for tuition, books, housing, computer and other education expenses.

Loan Amounts

  • private student loans can make up the difference between total cost of school and any financial aid that the student may receive — up to 100% of the certified cost of education 3
  • you can get extra funds to pay for tuition, books, housing, computer and other education expenses.
  • pay now or later-defer your payments until after graduation or choose an in-school repayment option that fits your needs 1
  • 0.25% rate reduction incentives available for automatic payment 2

Interest Rates

  • Variable interest rates:
    3.37% APR to 10.33% APR 1
  • Fixed interest rates:
    5.74% APR to 11.85% APR 1
  • Lower rates for graduate students:
    (variable) 3.37% APR to 8.33% APR;
    (fixed) 5.74% APR to 8.56% 1
  • no origination fees
  • no prepayment penalty

Loan Eligibility

  • satisfactory credit history required with or without a co-signer
  • applying with a credit-worthy cosigner may help you qualify and/or receive a lower interest rate
  • you can apply for a cosigner release after you graduate and make 12 consecutive on-time principal and interest payments 5
  • no originations fees for degree-granting institutions

Start Your Application

or dial: 1-866-813-7760

View more detail information and illustration

(note: links to our companion site
www.OfftoCollege.com)

Borrow Responsiblity

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

* The Sallie Mae partner referenced is not the creditor for these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers.

Smart Option Loan Legal Information

1 2 3 5 6 7 click here for important information. Terms, conditions and limitations apply.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK THE SALLIE MAE WEBSITE TO OBTAIN THE MOST UP-TO-DATE PRODUCT INFORMATION.

private aid programs

Home Equity Financing

You can use the equity value in your home to finance college education. Use a home equity credit line to pay college expenses as they occur. The flexibility of the credit line allows you to control expenses and budget repayments.

The amount you can borrow is subject to the equity value of your home. The best interest rates are available for equity credit lines at 80%LTV or lower.

Loan Amounts

  • open a line of credit up to your approved LTV level — calculate how much you can borrow
  • pay minimum monthly payments or any additional amount when you have extra cash
  • pay down the account to zero with no prepayment charges and reuse the line over again up to your approved available balance
  • deduct interest charges from your taxes if you qualify

Interest Rates

  • rates are variable and subject to your LTV position
  • rates based on prime rate plus a margin
  • the margin is determined by the applicant's credit strength.

Loan Qualifications

  • satisfactory credit history required
  • you must have equity value in your home for best rate and terms
  • payment begins 25-30 days after opening your account
  • pay minimum monthly payments or any additional amount when you have extra cash

Start Your Application

or dial: 1-877-777-1370

View more detail information and illustrations

(note: links to our companion site
www.SayCampusLife.com)

private aid programs

Bank Equity Program

Use the equity in your home to become a bank. Pay for:

  • tuition
  • housing,
  • books,
  • supplies,
  • and anything you need for college student,

    by simply changing the ways you manage your money

Instead of using your checking account to receive and pay out funds, you will use your home equity line of credit account for all income deposits and expense pay outs

View how the bank equity program works

private aid programs

Scholarships

Scholarships is free money for college - aid that does not have to be repaid. And there are many scholarships that go unrewarded each year.

So start your scholarship search early. Review all types and associations. You heritage, family association, and many other are available along with academic and curriculum studies. So search and search and search.

View and apply for scholarships

(note: links to our companion site
www.SayCampusLife.com)