There are many cost management opportunities available through commercial lenders. While similar to federal student loans in that repayment can be postponed until the borrower graduates, private loan interest begins accruing immediately and fluctuates with market rates. Also, for most undergraduate borrowers a cosigner is required. Since federal loan programs are less expensive than private loans, you should consider them first when developing your cost management plan.

Although we do not endorse any specific loan products, from information provided by a number of different lenders, the Citi, Wachovia and Chase products appears to offer competitive rates and terms with a track record of good customer service. These loans require Bradley "certification" and as such your eligibility and the amount you wish to borrow may be limited. Proceeds from these loans are disbursed through Bradley. For a comparison of these three programs, click here.

To link to a nonprofit, independent website that provides further information about private student loan programs and offers a comparison calculator, click here.

For an explanation of how and why we’ve listed these lenders and their products, click here.