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Private Student Loan TIP: When applying online for a
student loan, have your financials in
order and in front of you to be able to quickly enter application fields
such as annual income, date of birth, social security number, home address
and employment information. Do not fill out multiple applications for
private loans as each will appear on your credit report as a credit
inquiry
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Private Student Loans from Discover Student Loans
- Borrow up to 100% of the cost of attendance, minus
other aid
- Interest rates as low as prime minus .50%
- .25% rate reduction for auto-debit
Click Here for more
details, or to apply.
A Private Student Loan is also commonly referred to as
alternative college financing. It is credit based
college financing and often requires a cosigner if you
have not established a positive credit history.
Other great features of a
Discover Student Loan:
- Zero fees (origination, guarantor, or prepayment)
- 2% graduation reward
- Repayment is deferred until 6 months after graduation
- You must be a U.S. citizen or permanent resident.
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Private student loans for college should be
used after a student and parent has exhausted all efforts in
obtaining the maximum amount of Federal Aid as possible. A
private student loan repayment is often deferred until after
graduation, but is has to be repaid with interest. Make sure
to carefully review all of the terms and conditions when
applying for private student loans. Ask questions and learn everything
you can and you'll likely be a more prepared, informed private
student loan borrower. Apply informed when seeking private
student loans for college, as these private loans are not
free money and must be paid back.
Private Loan and Student Finance Articles of Interest
Private Loans for College Students Available Online
College Student Loan Consolidation Information
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