Applying for student loans is never fun. Thinking about how to pay for college can be a stressful and time-consuming period. If you don’t qualify for a federal grant or loan, then you’ve probably started thinking about a private loan.
Private student loans are a good option for people who can’t get loans from anywhere else, or for people who have an income already but who are going back to school.
Usually, it’s easier to acquire a private loan than a bank loan, and you have many more options. LendKey is a service that compares local private loan options for students to help them get the best interest rate and loan term for their needs.
LendKey offers student loan refinancing, private loans for college, and other personal loans. LendKey offers a loan solution for people who prefer to work with a small bank or credit union rather than a larger corporation.
Many people are drawn to LendKey because they offer 18 months of forbearance, which is great for students who also must work to pay their loans while in college.
Of course, any loan will have its own set of cons. But LendKey offers a simple solution for people who already know they want to use a private loan.
Many people prefer private loans because they have fewer requirements than federal loans have. LendKey has few requirements to apply for student loans through them. But your private lender may have additional requirements to meet.
The majority of students can meet LendKey requirements, either by themselves or with a cosigner. That makes them an easy and flexible option for people.
One of the biggest appeals of LendKey is that it does a lot of the work of loan comparison for you. Also, you can complete the entire loan process online.
To complete the application process, you’ll need your government-issued ID, social security number, and proof of income. If you’re applying with a cosigner, then you’ll need the co-signers information as well.
Private student loans make it easy for students to finance their education. Are you interested in learning more? For additional private student loan reviews, see the rest of our loan reviews.