At this time of year, parents and students alike are usually finalizing their budgets and financial plans for the upcoming school year. As parents and students review financial aid award packages, they may be finding that even after taking into account grants, scholarships, work-study, and state and federal student loans, there are still some educational expenses left to cover. For those remaining educational expenses, a private student loan might be the answer, according to NextStudent, a leading Phoenix-based education company.

Offering Financial Solutions for Many Types of Students

NextStudent Private Loans are credit-based student loans that can be used for tuition, school fees and other education-related expenses. When other forms of aid just aren’t stretching far enough, NextStudent Private Loans can be the solution for undergraduate college students, graduate students, international students, continuing education students and parents of private elementary or secondary students (grades K–12). In addition to covering traditional schooling costs, NextStudent Private Loans can be used to help finance distance learning and study abroad programs.

The Advantages of a NextStudent Private Student Loan

NextStudent Private Student Loans feature several borrower benefits:

Generous borrowing limitsNo application deadlinesNo prepayment penaltiesDeferred principal and interest payments on most student loansInterest that may be tax-deductible (borrowers should consult a tax advisor)Funds that go directly to the borrower, not to the schoolThe option to apply with a co-signerFlexible repayment options for undergraduates

No-Hassle Qualification

Qualifying for a NextStudent Private Student Loan is straightforward. First and foremost, students must be enrolled at a participating school. Undergraduates, graduates, international students and distance learning students must be enrolled at least half time. Continuing education students may be enrolled less than half time in a degree program or enrolled in a certificate or technical training program.

To qualify, borrowers:

Must have a satisfactory employment history of at least two years (if self-employed, must have been in business for at least two years)Must have proof of current incomeMust have at least 21 months credit experience and a satisfactory credit historyMust be a U.S. citizen or permanent resident and have resided in the United States for the previous two yearsMust have resided at their most current and immediately preceding addresses for a total of at least one year

International students must apply with a co-applicant who meets the U.S. citizenship or residency requirement, as well as the credit, income and employment conditions.

With no application deadlines, private student loans are available to higher education students and parents of K–12 students all year-round. So whether a financial aid package needs some supplementing now, as the fall semester approaches, or halfway through the school year, as unexpected educational expenses arise, a NextStudent Private Loan could be the answer parents and students are looking for.

NextStudent believes that getting an education is the best investment you can make, and we are dedicated to helping you pursue your education dreams by making college funding simple. Learn more about Student Loans, Private Student Loans and Student Loan Consolidation at www.nextstudent.com.

The lender for the NextStudent Loan Program is Citizens Bank, N.A., Member FDIC and Equal Opportunity Lender.

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