trayer University students may also apply for private
educational loans, which are credit-based funds provided by outside, nonfederal
lenders to pay for the difference between the cost of attendance and amounts receive
through loans and grants under federal financial aid programs, or other tuition
assistance programs.
The lender determines eligibility, terms and conditions, and
amounts of private educational loans, but they may not exceed the cost of
education minus other aid. The Federal Government does not subsidize or
guarantee private loans.
Guidance on Private Loans
There are several Web sites providing lists of different
private loan options that can be a helpful first step in considering whether to
obtain a private educational loan. An example of these Web sites is provided
below. Students are encouraged to visit actual lender websites in order to find
the rates, terms, and services that are right for them.
Student Lending Analytics
FinAid
Have You Considered Federal Financial Aid?
Students considering private loans should realize that they
may qualify for loans or other assistance under Title IV (Federal financial
aid). The terms and conditions of these loans may be more favorable than the provisions
of private education loans. For more information on Federal financial aid
programs,
At Strayer, we are committed to providing students the best
customer service and information regardless of how they finance their
education. However, Strayer University is not a lender and is not providing
legal, accounting, or financial planning services. Any agreements entered into
with lenders exist solely between the lender and the student, and the
University recommends that students consult with their own advisors before
making educational financing decisions.
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