Private Student Loans By SallieMae

Private loans can be used for you who are looking to get into college. Regardless of whether it is face-to-face, online, post-graduate, college, full-time or part-time. 

It can be charged for face-to-face students:

• Tuition
• Room and board
• Fees
• Books
• Supplies
• Transportation
• Computer for school

On personal loan page

Loans are offered by banks and financial institutions. Your credit and that of your guarantor are evaluated. 

Therefore, choose a guarantor who has good credit, as your chances of getting approved and a lower rate will be higher for a private student loan.

If you are still in doubt, we can help you find the best loan that fits your financial life:

• Go to your school and ask if they have a list of lenders
• Ask for recommendations
• Confirm that the lender works with your school
• See all types of loans for undergraduate, graduate, continuing education and even certificates.

How much is a private student loan?

Ask for what you will be able to pay back later, imagine your future job, how much you will earn, and do the math on how much you will earn in a future income.

What happens after I apply for a private student loan?

After you apply for the loan, you receive a decision within 15 minutes, if approved, you receive a notice to review, accept and sign the terms in the document.

The school will certify the loan amount before you receive payment, and then you receive final disclosure with all the details.

The loan may be canceled as described in the final disclosure, that is, before you send it to your school, so please check before you sign.

How long does it take to be approved by Discover?

15 minutes, is really fast!

Frequently asked question:

How much can you borrow on a private student loan?

How much money you can borrow is up to the lender, if they require a certificate, you need to have your enrollment checked and ensure that you do not borrow more than the cost of attendance. You need a great credit history for student loans.

The entire loan is based on credits, so your history must be great to get approved. If you don’t have this history, you should need a guarantor, this can be someone in your family or a trusted friend who has a great history. 

The guarantor, when accepting this role, has the responsibility to repay the loan, if you do not make the payments, your guarantor’s history may suffer consequences.