Private Loans FAQ for Undergraduate and Graduate Students If all of your federal aid can't meet your education finance needs, or you just need a little extra to make ends meet, a private loan may be the answer you're looking for. Private loans help you to finance additional expenses that you did not anticipate, such as computers, tutors, books, last-minute tuition hikes and transportation. What is an Act Education Loan?Also called private education loans or alternative student loans, Act Education loans differ in many ways from traditional or government education loan programs:
Why should I choose the Act Education Loan?
Do I need a co-signer?It depends. Even if you meet the established credit guidelines below, it may be in your best interest to apply with a qualified co-signer. Benefits of applying with a credit-worthy co-signer may include the following:
Credit Guidelines and RecommendationsA credit-worthy applicant demonstrates a current ability to repay a loan. To be eligible, you must meet all of the criteria listed below:
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Undergrad StudentsScholarships There are 1,000s of scholarships offered to undergraduate students each year. Begin your custom- Stafford Loans Stafford loans are the most common federal student loan available. They have low fees and simple payback terms. Private Loans There are many types of private loans. Begin the application process for an ACT Education loan. Graduate StudentsScholarships Professional groups, schools and the government offer graduate students scholarships. Find out what you qualify for. Stafford Loans Stafford loans are federally supported and offer easy terms to qualified graduate students. Grad PLUS Loans Grad PLUS Loans are designed for working students returning to school. Take the steps to start a new career. |

