William Woods University
Private Lending for Higher Education
Before you apply for a private loan please make sure you have done the following: File the FAFSA to apply for Federal Student Aid. Please make sure you have accepted all Federal Aid that is available to you. Your parents may want to consider applying for a Federal PLUS loan. Please contact the Office of Student Financial Services to discuss any additional options you may have that are specific to your situation.
There are many ways to pay for higher education, and choosing the right approach requires a good understanding of your options, your responsibilities, and the various details of each lender's loan products.
It's a lot to keep in mind. FastChoice makes it easy by providing you with information about private loans in an easy-to-understand format, to help you determine which private student loan best meets your needs.
Borrowing Essentials provides an interactive overview of some basic information about borrowing money to pay for your education.
The next few pages will quickly get you up to speed. Having a good understanding of these topics will help you get the most out of what you borrow on the best possible terms. You'll be better equipped to make an informed decision.