Private loans page

Nelnet Private Loans

Our private loans are premier loans for undergraduate, graduate, and
medical/healthcare students. These programs offer low interest rates, fees as
low as 0%, and convenient online processes to meet the demands of your
academic schedule. Private consolidation loans are also available.

Check out the product details by clicking on the links below:


	Eligibility and Co-borrower Requirements
	Advantages
	Additional Product Details

	Eligibility:
		You must be enrolled at least half-time in a degree or certificate program at an approved institution
		You must be a creditworthy borrower, or you may be a credit-tested or credit-ready borrower with a creditworthy co-borrower (note - some products allow for credit-ready borrowers to apply on their own)
		You must be a U.S. citizen or permanent resident (International students may apply with a creditworthy U.S. citizen or permanent resident as a co-borrower)
		You must be making satisfactory academic progress

	Co-borrowers:
		Adding a co-borrower can save you money
		Parents, grandparents, or legal guardians typically have more established credit histories. Applying with one of these individuals as a co-borrower can help lower your interest rate and your monthly repayment amount
	back to top ^

	Advantages:
		Convenience! - Online application with instant pre-approval 24 hours a day
		Save time! - Electronically sign your credit application agreement online (for most products)
		Friendly, professional customer service
		Fees as low as 0%
		Low interest rates
		Maximum annual loan limits up to the cost of education less financial aid
		Flexible repayment options - up to 25 years to repay (on qualifying loan balances)
		Ensured on-time payments with KwikPay® auto-debit payments
		0.50% rate reduction for qualified borrowers who make 48 initial, on-time payments
		Co-borrower release available to qualified borrowers who make 48 initial, on-time payments
		Secure online account access 24 hours a day
		Combined billing information available online for Stafford and private loans
		Interest capitalized once - at repayment (for most products)
		You can borrow for a prior term's education expenses (up to a 12 month limit)
	back to top ^

	Additional Product Details:
	Loan limits:
		Minimum loan amount: $1,000
		Maximum loan amounts: - Annual: Up to the cost of education less financial aid - Aggregate: Varies by product

	Repayment options:
		Full deferral of principal and interest available
		Repayment starts 180 days after graduation, school separation, or residency end date
		Maximum deferral is 5.5 years from first disbursement, plus 3 years for eligible post-graduate program (or residency/internship)
		Repayment terms up to 25 years for loans of $40,000 or more; up to 20 years for loans less than $40,000
		$50 minimum monthly payment

	Borrower benefits:
		Low, competitive interest rates
		Fees as low as 0%
		Low monthly payments, longer repayment terms, and flexible repayment options
		0.50% interest rate reduction available to qualified borrowers who make 48 initial, on-time payments
		Co-borrower release available to qualified borrowers who make 48 initial, on-time payments (for most products)

	Forbearance:
		Hardship forbearance is available for a total of 12 months, in six-month increments
	back to top ^

Nelnet, Inc.. reserves the right to modify or terminate borrower benefit programs at its discretion and without prior notice. Borrower benefit programs vary by state, lender, and servicer. All benefit programs are subject to loans remaining in good standing.