Private Education LoanOnce you have considered scholarships, grants and federal student loans, you may wish to consider a private education loan. We recommend that the student use an internet search to find a lender. Due to our Code of Conduct, our office does not provide students with a preferred lender list, nor are we allowed to recommend a specific lender.
In your search for the best private education loan, we recommend considering the specific loan rates and terms to decide if the loan is right for you. Review such things as APR, interest rate, total cost, monthly payment, borrower benefits, fees, repayment options, and co-signer release programs. All private education loans are in the student’s name and require a credit worthy cosigner. The more credit worthy the cosigner the better the interest rate.
A loan is money you borrow and must pay back with interest. Be sure to read the disclosure statements provided to you by the lender so you understand your rights and responsibilities as a borrower.
Once you have completed your private loan application with your lender and been approved, Linfield will receive an electronic notification to certify your private loan eligibility. Funds will be electronically delivered to Linfield in time for the start of each semester for which you are enrolled.
Your private education loan lender may request you to provide them with our federal school code, which is 003198-00.