Education Loan

Education Loans

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 is a private education loan that fills that gap by allowing you to borrow the difference between Federal financial aid and remaining school expenses.

Learn More About Private Education Loans

Education Loan Blog

Ways to Save on Private Student Loan Repayment

When it comes to private student loans, one tense topic among students and parents is, “how are you going to pay for it?” Between often needing a cosigner and qualifying for a relatively high interest rate, there are a lot of considerations that go into...

A Tip for Private Student Loan Repayment

If you ever are in a position to make an overpayment on your loan without spreading your finances too thin, absolutely do it!

News about Education Loans

Six Senators Urge Alternative to 100 Percent Direct Loans

Mar 10 2010

In a letter to Senate Majority Leader Harry Reid yesterday, five Democrats and one Republican voiced support for reforming the student loan programs to increase Pell Grants, but urged the majority leader to consider "alternative legislative proposals" to the president's proposal to move to 100...

Senator Alexander's $47 Billion Student Loan Mix-Up

Mar 10 2010

"It must have been frustrating for officials at the Congressional Budget Office to read Sen. Lamar Alexander's op-ed in Sunday's Washington Post. In the column, the Republican Senator from Tennessee mistakenly cites work done by the CBO to argue that a bill Congress is currently...

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.

Note: We recommend you consider all your student loan options, including federal Stafford Loans and PLUS Loans before applying for privte student laons.