Private Student Loans

What is a Private Loan?

Private loans are typically made through private banks, credit unions, state agencies, or financial institutions. They may have rates and terms that are different from federal loans. If you’re considering applying for a private loan, be sure that you’ve taken advantage of all federal aid opportunities first.

Student Loan (In School)

When federal aid isn’t enough to cover the cost of higher education, private student loans can help. Before taking out a private loan, make sure to take advantage of any federal student loans, grants, or scholarships you have access to. If you’re currently attending school, a private loan can help you made up the difference.

Private student loans are available to students pursuing higher education at all levels:

• Undergraduate
• Graduate
• Law
• MBA
• Health Professions

Student Loan Refinance

If you graduated with student loans, refinancing could reduce your monthly payments. Your existing loans will be simplified into a single loan with a potentially lower interest rate — so you’ll make one payment each month rather than managing multiple balances.

Keep in mind that you may lose federal loan benefits when you refinance. Make sure refinancing is the right choice for you.

Find a Private Loan

For more than 40 years, Nelnet has helped students finance their education.

That’s why we are proud to offer private student loans through Nelnet Bank. These loans are for students needing to fill the gaps not met by federal financial aid, or who may be looking to refinance their student debt. Learn more about each of these loan types below.