The terms "private" and "alternative" may be used interchangeably to describe this student credit facility.
They tend to carry higher rates of interest than government-issued products like PLUS, Stafford or Perkins loans.
ALPLN Loan: What You Need to Know Since they are not backed by the full faith and credit of the U. government, ALPLN loans may require borrowers to find a co-signer.
This is especially common for young borrowers and older students attending college for the first time.
Graduate students who do not qualify for financial aid may also utilize ALPLN loans.
Most lenders also allow you to refinance and consolidate multiple loans into one, making repayment much more manageable.
In the following sections, we will go over the refinancing and consolidation lenders in the industry and what they offer.
This post is the result of extensive research into the best options and compares the 9 most common online consolidation and refinancing choices.
Nowadays, 7 out of 10 college graduates have student debt and the average has over ,000!
If you took out a loan to pay for college, you are probably paying too much, and could potentially save thousands through refinancing!