Nextstudent Offers Private Student Loans, Available Year-round

Due to recent increases in college tuition, the rising costs of textbooks and other general expenses, accurately planning how much money is needed for the school year can prove to be a challenge. The second semester or term is usually the time of year when many college students and their parents review the remaining funds available for the current school year.

According to NextStudent, the Phoenix-based premier education funding company, oftentimes, if expenses are greater than original projections borrowers can meet the shortfall with a private student loan.

Qualifying For Private Student Loans Is Simple

Whether a student needs more funds right away, wants money for summer school, or if the student is involved in a distance learning program or enrolled in a private or state institution, NextStudent can help.

Since there is no application deadline as with federal student loans, no fees are involved, the funds are unsecured, and many times may not require a co-signer, there are many benefits of retaining a private student loan from NextStudent. Another advantage is that students receive their student loan directly. This allows borrowers to retain control of their money and avoid the long wait times often associated with channeling the funds through the institution.

To be eligible for private student loans, borrowers may be either an undergraduate or graduate student enrolled at least half-time in a TERI-approved program, pursuing a degree or certificate-based coursework. Students may borrow the cost of their annual attendance or up to $40,000, whichever is less.

It is easy for borrowers to apply for NextStudent private student loans, either online at www.nextstudent.com or by calling 877.690.9879. Approvals can be generated in as few as 15 minutes with a personally-assigned Education Finance Advisor.

Generous Repayment Terms For Private Student Loans

Students are not required to start repaying their private student loans unless they become enrolled less than half-time or until six months after graduation. Borrowers can start paying with as little as $25, have many repayment options, up to 20 years to repay and may qualify for tax-deductible interest payments. Those with accumulated total student loan balances that exceed $40,000 may opt to extend the repayment term to 25 years.

In order to optimize their college educational experience, many students are taking advantage of NextStudent’s private student loans. These funds often stand in the gap, enabling borrowers to achieve their dreams of a higher education and cover where federal student loans leave off.

NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student loans at NextStudent.com.