Education is an important path for many people, which is why we offer two types of student loans to help with high tuition rates. We offer both Private Student Loans and Student Loan Refinancing through our partner LendKey.
Private student loans are credit-based loans for college that are used to pay for qualified educational expenses including tuition, room and board, books and other school related expenses. A private student loan serves as a way for students to fill the funding gap between the cost of attending school and the amount of federal loans, grants and scholarships available to them.
The average student graduates college with more than $30,000 dollars in student loans. Those that go on to graduate school will graduate with even more debt, many times in the six figures for professional degrees. While there is no way to eliminate student loan debt without paying it off, there are some tactics to reduce the overall cost of the principal and interest combined. One way is with a student loan refinance.