University of WI - Stevens Point
Private Lending for Higher Education
Thank you for using FASTChoice to choose your private loan!
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.
We highly recommend that you take advantage of federal education loans by completing the Free Application for Federal Student Aid at www.FAFSA.ed.gov. Once you receive your financial aid award offer and determine that you still need financial assistance, then consider private education loans. Parents of dependent undergraduates should first consider the Federal Direct PLUS loan. This particular website refers to private education loans only. You can review the programs individually or compare up to three at a time.