What are Private Student Loans?

Private student loans are loans that fill the gap between your total college expenses and your awarded financial aid; i.e., Stafford loans, PLUS loans and other student loans you have received for college expenses. With private student loans, you can get the money you need to head to class.

Many students and parents take out alternative student loans to pay for all college expenses, from tuition to every day college expenses such as off campus living expenses, school supplies, travel, etc.