Online Education Forums

[Rudy]

Can you use a private student loan to pay for an online degree? I have been told to "go to my financial aid office" and speak with someone, but I don't have a financial aid office to go to. It's online. Like the degree.

[Degree Guide]

OK - he check out www.PrivateStudentLoans.com and go through the application form. After the intial screener, it will recommend lenders for your school.

[homeonline]

thank you for this Degree Guide..

[lknopp1]

You can still get a private loan if you are attending an online college, you just have to go and seek out a lender by yourself, instead of relying 100% on your school. The good news is that there is no shortage of private lenders that will be able to provide you with a loan, and the best way to look is by going online and searching on Google. Remember that private loans are based upon your credit, and to get a private student loan without a cosigner, you are going to have to have good credit, or substantial collateral.

[Morgannick]

Student loans for online degrees are one way to pay for college. Be very careful when deciding on a student loan. Neither government backed nor private student loans can be discharged in bankruptcy. The loan must be paid back no matter what happens in life. If you were to have a situation where you could not pay your bills, a student loan will haunt you forever.I recommend to visit gradloans.com which offers affordable student loans and good financial aid options.

[Adammortgage]

I think it can...Private loans, also known as alternative or private student loans, are providing a growing number of college students with much-needed education funds to cover college-related expenses that may not be covered by award caps, Federal student loans, scholarships and grants. As long as proof of enrollment is provided to your lender, and you qualify, you could use a private loan to pay for almost any of your educational expenses. Some private loan lenders or student loans without cosigner even let you borrow to pay for previous school fees.

[Admissions Girl]

Each school will be different, if it is an accredited online education program you should be able to apply for both federal and private loans : for federal you need to fill out the fafsa and for private check out the the private student loans website and look to see if your school accepts loans -- NOTE: FOR ONLINE SCHOOL SELECT THE STATE THAT THE SCHOOL HEADQUARTERS IS LOCATED IN. For example, if you select "Arizona" that is where you find the listing for "University of Phoenix - Online"