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Private Education Loan Preferred Lender List

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The document outlines Corinthian College, Inc.'s preferred lender list for private education loans, emphasizing the importance of applying for federal student loans before considering private options. It details eligibility requirements, loan limits, interest rates, and borrower benefits for three preferred lenders: Sallie Mae, MetaBank, and Wells Fargo. The document also highlights that private loans should supplement federal aid and provides information on federal grant and loan amounts available under Title IV of the Higher Education Act.

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Who lends private student loans?

Private student loans: These loans are provided by banks, credit unions and other lenders. You can expect a credit check as part of the application process, and students who may not have a credit score yet often need a cosigner. These loans can have fixed or variable interest rates and different repayment options.

How much is a $30000 student loan per month?

Best Lenders for Private Student Loans LenderFixed APR View Disclosure Sallie Mae 4.6 3.49% to 15.49% with autopay View Disclosure College Ave 4.7 3.47% to 17.99% with autopay View Disclosure SoFi 4.5 3.54% to 15.99% with autopay View Disclosure Earnest 4.8 3.47% to 16.49% with autopay7 more rows

Where do private student loans come from?

Is it difficult to get approved for a private student loan? Gaining approval for a private student loan tends to be more challenging than with federal loans. In addition to income and credit criteria, borrowers must also be enrolled in an eligible institution and use funds for specific expenses.

Which bank is best for educational loans?

Best Education Loan in India 1) Punjab National Bank Education Loan. 2) SBI Education Loan. 3) Axis Bank Education Loan. 4) Bank of Baroda Education Loan. 5) HDFC Bank Education Loan.

What is preferred lender program?

SBA Preferred Lenders are authorized to approve SBA loan applications on behalf of the SBA, which can expedite the approval process. This is an advantage for businesses that need quick access to funds for expansion, working capital, or other business needs.

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