Private Education Loan

Private Education Loans for College Students

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. For you, that means less out-of-pocket expenses until after graduation, or save money by starting to repay loans while in school.

Education Loan Blog

Scholarship Opportunities

Aug 7 2008

I want to make sure you are all aware of the scholarship programs we are involved in.  For a partial list, please see below:

Student Loan Network will be holding a $10,000 scholarship drawing on October 31, 2008. There are no GPA or essay requirements, and...

Alternative to MEFA, Student Loan Network offers Federal and Private Loans in Massachusetts

Jul 29 2008

With the news that MEFA (Massachusetts Education Finance Authority) is not able to make loans this year, (see: http://tinyurl.com/5soc5g)  Massachusetts residents will be looking for funding options.  We are happy to reassure our customers in Massachusetts that the Student Loan Network has a full suite...

Education Loan News

North Carolina: CharlotteLaw Offering Deferred Fee, Tuition Options

Aug 7 2008

"For students who have to wait for federal student loans, Charlotte School of Law says ... it will defer fall semester tuition and fees for students requiring federally guaranteed loans," the Charlotte Business Journal reports.

New Hampshire: Working On Student Loan Problem

Aug 7 2008

"Turmoil in the financial markets has driven many lenders out of the student loan market, leaving students struggling to pay their fall tuition. That's a problem that New Hampshire officials are working on," the Associated Press reports.

1 Interest will continue to accrue while your private student loan payments are deferred, and it will be capitalized (added to your principal loan balance) when repayment begins.

2 Proof of graduation is required.