Without a positive credit history, students or parents will find it difficult to be approved for a private loan. Credit requirements, interest rates, origination fees, co-signer requirements, and repayment options vary between lenders. Parents may also wish to consider borrowing against their home equity through a second mortgage or equity line since interest rates are relatively low and interest is fully deductible on home loans. The following is a partial list of lenders offering private loan programs. A separate application is required and is available from these lenders upon request.
Many lenders now offer online applications.
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