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

those searching for a private student loan will find a grid of lenders that meet their basic requirements.

The resulting student loan comparison grid details the highest and lowest interest rate and loan fee available from each lender. While reviewing the private student loan lender list, the potential applicant can expand details of each lender and loan program. Details include not just a short biography of the lender, but any bonus features such as rate or fee reductions that may be available from that lender. If a co-signor is required for the private student loan or if the student may be able to apply without a co-signor.

Applying is easy as each lender provides a link to more detailed information about their private student loan programs and their online student loan application. If you’re not ready to apply immediately you have the option of creating a favorites list to return to at a later time to review with your parent, student or co-signor.

The StudentLoanConsultants.com website includes information on many of the large well known student loan lenders as well as lesser known specialty or boutique lenders which provides a nice mix of loan opportunities. While the focus of PrivateStudentLending.com is private student loans and this is what we reviewed on this site, StudentLoanConsultants.com also has information on PLUS student loans which are specifically for parents, Stafford student loans and student loan consolidations.

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.

As with most private student loans, the Student Loan Network offers payment deferral for up to 12 months after you leave college. Funds are sent directly to you in two disbursements, one on September 1st and one on January 2nd. The private student loans may be repaid through a 25 year amortization.

Apply online anytime for a private student loan from the Student Loan Network through this link. The Student Loan Network also provides Stafford student loans for which you may apply through this link.

As always, be sure to exhaust all options in financing your education such as federal student loans, grants and scholarships as well as applying to several private student lenders prior to accepting any private student loan.