Private Education LoanOnce you have considered scholarships, grants and federal student loans, you may wish to consider a private student loan. You can contact your bank or credit union, or use an internet search to find a lender. We recommend considering the specific loan rates and terms when deciding if the loan is right for you, such as APR, interest rate, total cost, monthly payment, borrower benefits, fees and repayment options. All private loans are in the student’s name and require a credit worthy cosigner. The more credit worthy the cosigner the better the interest rate you will receive.
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.