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Private Student Loans

Private Loans for Credit Classes

If you are taking credit courses and pursuing an Associate’s degree or Certificate program at AACC, we strongly encourage you to apply for a Federal Direct Loan before you borrow any private student loan. The Federal Direct Loan interest rates are significantly lower than even the best private student loan rates, and most credit students are eligible for to borrow these loans regardless of high or low income. The first step in the loan application process is to complete a Free Application for Federal Student Aid (FAFSA). Apply online. If you have already borrowed your maximum Federal Stafford Loan amounts for this year and still need to borrow additional loan funds, then you may want to consider borrowing a private student loan.

Private Loans for Continuing Education Classes

Continuing Education students are not eligible to borrow Federal Direct Loans, but they are eligible to borrow many private student loans. 

Private Loan Options

Private student loans are not part of the federal student loan program and they do require a credit check. You may borrow your private loans from any lender you choose. Some private loans are only open to students taking credit classes and other loans will also consider students taking Continuing Education classes. The borrowing costs vary between programs. Please investigate the costs and choose the program that’s right for you. For more information, please call 410-777-2203.

FINAID.org offers a loan analyzer that helps student compare borrowing costs. They also have a more extensive list of private loan companies.