Limited government financial aid along with rising tuition costs has created a widening gap between the cost of college and your ability to afford it. The Act Education Loan are private education loans that fill the gap by allowing you to borrow the difference between Federal financial aid and remaining school expenses.
It's never too late to get education financing to help cover eligible college-related expenses, including tuition, fees, room and board, a computer, and more. After examining all your financing options, including federal loans an scholarships, consider a fixed or variable rate private education.
Federal aid is often not enough to cover your education finance needs. Scholarships are scarce and hard to win. Private education loans provide an alternative option to help cover the entire costs of college. Most borrowers use these loans to reduce their reliance on other funding options such as home equity loans or credit cards.
The requirement for applying are straightforward. Students and an eligible cosigner can apply at any time. Approval is based on credit of the applicants. Interest rates vary depending on your credit score. Better rates are available to applicants with good credit
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1 Interest will continue to accrue while your private student loan payments are deferred, and it will be capitalized (added to your principal education loan balance) when repayment begins.
2 Proof of graduation is required.