Private Student Lending

A leader in the auto and real estate finance industry. GMAC Education finance is not longer accepting application for new student loans. At this time there is no estimated date that GMAC will return to accepting new applications.

If you have an application pending, they will continue to process it. Any questions about pending or current loans should be directed to 1-888-780-8918.

Students and parents seeking new private student loans should read our reviews of Chase Private Student Loans and Student Loan Advisors as possible lending options.

Bank of America a leading lender in the USA. Has recently stopped accepting applications for private student loans. We’ve been unable to obtain a statement regarding the decision. Due to the volume of private student loans that were originated by this lender a great void will be created for the 2008 – 2009 school year.

It is our understanding that Student Loan Advisors has staffed up production to handle the overflow of students and parents that are no longer able to obtain alternative student loans through Bank of America. We believe they are the best choice for filling this void as they provide similar loan products and personal level of service.

Be sure to check back with PrivateStudentLending.com for updates on when Bank of America decides to re-enter the private student loan business.