Private Sponsored by loans are offered by private lenders and there are no federal forms to complete. Some families turn to private loans when the federal loans don't provide enough money or when they need more flexible repayment options. For example, a parent might want to defer repayment until the student graduates, an option that is not available from the government parent loan program.
Lenders provide different types of private loans depending on the student's level of study.
Students can apply online for a Bank of America Private Loan. All rights reserved.