Private Loans

Private student loans are also available to students, but should only be used when federal, state and school financial aid will not cover the cost of education.

Private loans are awarded on your credit score and many times they require a co-signer. These type of loans also have a higher interest rate than federal or state aid.

FinAid.org has more information about private loans versus public loans and what to look for if you would like to take out a private loan.