Introduction
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Question
Are there educational loans other than federal loans?
Answer
Some banks, credit unions, and states provide private educational loan options. Private loans require a credit check and may have higher interest rates than federal loans so you may want to consider federal loans first. Eligibility for private loans is based on the credit-worthiness of the borrower and/or co-signer.
SCSU uses an online loan comparison tool called FastChoice where you will find a number of private educational loan options. We do not endorse any one lender. The choice of lender is yours. You are not required to select one from the list of lenders on FastChoice.
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