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

Student Resources for Back to School

Aug 27 2008

Time to start a new year! To do our part to help, we wanted to let you know about a couple of new resources for those of you returning to college this month. The first is a free downloadable ebook: How To Find...

Is College Worth the hefty price tag?

Aug 22 2008

That is the million dollar question, and I mean that literally not figuratively these days. Education costs have soared in recent years at a rate far greater than inflation. And with the U.S. population continuing to grow more students are seeking higher education. As a...

Education Loan News

Helping Future Millionaires Become Financially Literate

Aug 28 2008

"When it comes to student loan debt, there are some students to worry about more than others," The Greentree Gazette reports. "Future teachers, public defenders and social workers ... [But] there is another group of students who should be on the radar: medical students. Conversations...

Students Win And Lose Under Private Loan Provisions

Aug 28 2008

The Higher Education Opportunity Act (HEOA) includes several provisions that will affect how students, schools, and lenders work with private student loans. Title X of the HEOA, dubbed "The Private Student Loan Transparency and Improvement Act of 2008," makes changes to the Truth in Lending...

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.