Private Student Lending

Comparing the variety of student loans available across the myriad of lenders can be overwhelming. Often students and parents end up applying at one lender due to name recognition or sheer frustration, even though it may not be the best loan option for their situation.

In an attempt to help parents and students choose the right private student loan Student Loan Consultants has launched an easy to use student loan comparison tool. By checking or un-checking selection boxes

(more…)

The Student Loan Network offers an online private student loan application and approval without school certification requirement. While you may apply with or without a co-signor, the stronger the credit and employment history is the lower your student loan interest rate and fees will be. Private Student Lending strongly encourages you to apply with a credit worthy co-signor as this provides the best opportunity for approval of your student loan.

An interesting option with a Student Loan Network private student loan is that even if you apply with a co-signor, there is an opportunity to have that co-signor removed from the loan after only 3 years of repayment based upon the students then current credit worthiness. (more…)

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.

While technically not a private student lender, Simple Tuition does provide an interesting service. You complete a private student loan application and it is then submitted to multiple lenders. It’s sort of like what LendingTree does for mortgage loans.

Since the specific lender is unknown we are unable to give a recommendation. But if you’ve had difficulty obtaining alternative student loans through sites such as Student Loan Advisors. Simple Tuition gives you a chance to apply to several that you may not have tried.

Being one of the most aggressive advertisers in the student loan industry, you’d think the marketing department at Astrive Student Loans would jump at a chance to have a free review posted about them on a private student loan site. You would think wrong.

(more…)

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.

Private Student Loans through Student Loan Advisors is far more than the typical automated your approved or your declined. You simply complete a contact request form. Typically during business hours you are contacted within an hour and provided a real person to help you with completing the online application. They are there to provide not just assistance in filling in the application but also offer suggestions on how to structure your application for the best chance of being approved.

(more…)