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.

To help cover these types of expenses, one type of private loan is the Act Education loan, which is available to undergraduate and graduate students.


Find Online Education Programs

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:

Find Online Education 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 Recommendations

A credit-worthy applicant demonstrates a current ability to repay a loan. To be eligible, you must meet all of the criteria listed below:

Find Online Education Programs

Related Reading

Source: Student Loan Network

News & Events

Financial Aid for Undergraduate & Graduate Students

Scholarships

There are 1,000s of scholarships offered to undergraduate students each year. Begin your custom-
ized scholarship search today!


find scholarships

Stafford Loans

Stafford loans are the most common federal student loan available. They have low fees and simple payback terms.


apply for a stafford loan

PLUS Loans

PLUS loans are for parents of under-
graduate students enrolled at least half-time.


apply for a plus loan

Grad PLUS Loans

Grad PLUS Loans are designed for working students returning to school. Take the steps to start a new career.


apply for a grad plus loan
Private Loans

There are many types of private loans. Begin the application process for an ACT Education loan.


apply for private loans

Popular Articles

Become a Travel Agent Without Leaving Home

Learn how travel agent online training can help your career take flight.

Read more »
IT Industry Scores High on Best Jobs List

Read why now is a good time to turn ambition into reality if you've ever thought about pursuing online IT training.

Read more »
Getting an Education Online

If you're thinking about entering the teaching profession, now is an excellent time to get an education online.

Read more »
The Phoenix Rises Again...and Again

If your goal is online education and you use "University of Phoenix online" in your search, don't forget to spell it correctly.

Read more »
Online School is for Kids?

Read how and why online education is impacting K-12 students.

Read more »
Popular Online Nursing Degrees

Learn which online nursing programs will give you a step up career-wise while allowing you to continue working at your current job.

Read more »