<p>I need to borrow some money for my tuition, and I wasn't offered enough from the Stafford loans, so I'm forced to turn to private lenders. I would go for the Direct PLUS loan, but I don't want my parents to take a loan on their name since they already have enough debt. I'm going to shop around, but can you guys recommend some good private lenders with lower interest rates?</p>
<p>If you are an undergrad, only your parents can take out a Direct Plus loan. If your parents are ineligible for a PLUS loan you can get an increased unsubsidized stafford loan.</p>
<p>If you are a grad student, you can borrow up to the full cost of attendance.</p>
<p>Anyone got recommendations for private lenders?</p>
<p>Your best bet would be to contact your school’s financial aid office. it will be very difficult for you as an undergrad to get a private loan without a cosigner.</p>
<p>If you look on your schools Financial Aid website they should list lenders. Students can take out loans in their names but 99% require a co-signer. I know some credit unions and banks have private loans for students. Check into Sallie Mae. Hope this helps and good luck!</p>