Frequently Asked Questions about a College Education Loan Program

Here are the answers to the most commonly asked questions about a college education loan program.

What is a college education loan program?

A college education loan program is an affordable way to pay for your schooling. Typically, college loan programs are run by private lenders who offer both federal and private student loans. Students can customize their loan program with a unique combination of funding that works best for their situation.

Do I qualify for federal educational loans?

In order to determine if you qualify for federal student loans, you will need to fill out the Free Application for Federal Student Aid, or the FAFSA. Whether you are eligible for federal student aid will depend on your school, your income, and the anticipated cost of your education. Your college’s financial aid office should be able to tell you more about your eligibility for federal aid.

How can I find a college education loan program?

We can assist you in finding a loan program. If you complete the sign-up form on our site, we’ll refer you to one of our educational loan partners for more information. Our affiliates can give you a free quote on a student loan and tell you more about the loan programs available to you. For more information, please visit our college education loan program tips page.

Can I get college education loans online?

Yes, many lenders allow students to apply for education loans online. The application, approval, and disbursement process can usually all be handled electronically. Not every college education loan program is the same, however, so be sure to ask your lender for details.

Do I have to pass a credit check to be eligible for a college education loan program?

Whether your lender will check your credit will depend on the type of education loan for which you are applying. For most federal aid, a credit check is not required. However, all private education loans will require a credit check. If you would like to obtain a private education loan but have credit problems, you should consider adding a co-signer to your loan application.

What will it cost to apply for a college loan?

Again, whether your lender will charge an application fee will depend on the type of loan you want. Private loans typically have application and origination fees, while federal loans do not have either. Your lender can give you an estimate of the application fees you will face when signing up for a college education loan program.