According to Sallie Mae here are some of your alternative loan sources. These loans should be supplemental to aid already received from federally guaranteed sources. Almost any bank will have loans available; they just might be called something different, but you should shop around for rates and make sure you understand the repayment structure and how it works. In this area(repayment) it is buyer beware. Many companies have loop holes that allow them to really penalize anyone that would miss or even be late on a payment!
Private loans are designed to bridge the gap between available funds and school costs. Considered alternative loans, private loans should be used to supplement federal loan programs. If you don't qualify for a federal loan or if what you were awarded won't cover expenses, a private loan might work for you.
Sallie Mae offers a comprehensive, affordable source of funds that could meet all your education financing needs.
Loans for Undergraduate Students
* Signature Student Loan®
* Tuition Answer®Loan
* Signature Student Loan® for Community Colleges
* Continuing Education LoanSM
* Career Training LoanSM
Loans for Parents
* Signature Student Loan®
* Tuition Answer® Loan
* K-12 Family Education LoanSM
* Tutorial Financing Loan
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