Private School Loans: Private School Loan Program
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Private School Loan - Act® Education Loan for Private Schools

Private schools are becoming increasingly expensive. The Act Education Loan for Private Schools can help you fund your child's education.

Apply now for an Act® Education Loan from the Student Loan Network!

Act® Education Loans (also called private student loans) differ in many ways from traditional or government education loan programs:

Features

  • The funds are disbursed directly to the borrower, not the school.
  • There are no federal forms to complete and no application deadlines.
  • There is a 12-month grace period after graduation before loan repayment begins. [1]

Limits

  • Loan minimum of $2,500 per academic year.
  • Loan maximum of 100% of the total calculated Cost of Education per academic year with an aggregate lifetime maximum of $250,000.

Interest Rates

  • Interest rates as low as Prime minus 0.5% to Prime plus 7.9%.
  • Apply with a creditworthy co-signer to increase the chances of approval and of obtaining a lower interest rate and/or loan fee.

Read More about the Act Education Loan