Understanding K-12 Education Loans

Loans for K-12 private, independent or boarding school education are used expressly for educational costs such as tuition, room and board, and other related expenses.

• K-12 private education loans are taken out from banks, lending companies or other private entities, in the parent's name.
• Rates and fees for K-12 private education loans are based on the borrower's credit. Borrowing with a co-signer
may help lower those costs.

How to Use the Education Loan Comparison Tools

Save time and money by comparing multiple loan options from a variety of leading lenders. Simply enter the amount you need to borrow and a little bit about yourself and when you need the loan to see a customized list of loan options.

What to Look for in a K-12 Education Loan

Use the comparison tools on this site to consider all of the costs of a K-12 education loan, including fees and rates. Examine all of the attributes of each loan, such as:

• the annual percentage rate (APR)
• the total cost of the loan
• the monthly payment
• the length of repayment

Borrowers should also consider their own credit history and credit rating - little or no history or a low credit score means a borrower will most likely need a co-signer to be qualified for a private student loan.