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Private College Loans

  • Borrow up to your total cost of education.
  • Online application takes just minutes.

With the cost of college tuition continuing to increase, private college loans have become a necessary source for bridging the financial aid gap left by federal college loans and scholarships. Unlike federal college loans, private loans are not guaranteed or subsidized by the federal government. Instead, private college loans are provided by private lenders.

Private college loans are generally credit-based which means the student and/or parent must pass a credit test to be approved. Private college loans generally carry variable interest rates and allow students to defer payments until after graduation.

A Think Student Loan, which is a private college loan, does not have any application deadlines and students can borrow up to the full cost of education up to a $250,000 lifetime aggregate maximum. Our private college loans allow students to defer payments until after graduation and students get a 6 month grace period following graduation.1

If federal financial aid is not enough and you need to consider a private college loan, a Think Student Loan might be right for you. You can apply online or over the phone in approximately 15 minutes.

1 Interest will continue to accrue while your payments are deferred, and it will be capitalized (added to your principal loan balance) when repayment begins.

* Think Financial refers applications to Simple Tuition, a leading student loan comparison site, and is paid a fee for this referral.