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Private Student Loans

Private student loans are a type of loan that is offered by private lenders, such as banks, credit unions, and online lenders, to help students pay for their college education. Private student loans are an alternative to federal student loans, which are provided by the government. Continue Reading Below

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  • Industry Studies
  • Encyclopedia
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Industry Studies

2026 Student Loan Industry Study Thumbnail

2026 Student Loan Industry Study

Andrew Latham

Encyclopedia Articles

Discover the definition of financial terms related to private student loans.

Learn About Private Student Loans

Thumbnail for Blog Article: What Happens If You Don't Pay Student Loans?

What Happens If You Don't Pay Student Loans?

Andrew Latham

Thumbnail for Blog Article: How to Get a Private Student Loan Without a Cosigner

How to Get a Private Student Loan Without a Cosigner

Jennifer Calonia

Thumbnail for Blog Article: Alternatives to Student Loans: Avoiding the Debt

Alternatives to Student Loans: Avoiding the Debt

Sean Bryant

Thumbnail for Blog Article: Student Loans for Trade Schools: Beginners Guide

Student Loans for Trade Schools: Beginners Guide

Andrew Latham

Thumbnail for Blog Article: Financial Aid: Ultimate Guide on Getting Money for College

Financial Aid: Ultimate Guide on Getting Money for College

Andrew Latham

Thumbnail for Blog Article: Does FAFSA Check Your Bank Accounts For Eligibility

Does FAFSA Check Your Bank Accounts For Eligibility

Ossiana Tepfenhart

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About Private Student Loans

Private student loans are a type of loan that is offered by private lenders, such as banks, credit unions, and online lenders, to help students pay for their college education. Private student loans are an alternative to federal student loans, which are provided by the government. Private student loans may have more flexible repayment terms and credit requirements than federal student loans, but they typically have higher interest rates and fees. Private student loans are often used to cover the cost of tuition, books, and other education-related expenses that are not covered by federal student loans or other financial aid.