Private Student Loans

Private Student Loans

This module details the terms and features of private student loans. It will present a framework for developing recommendations for clients with private loans including evaluating refinancing, minimizing overall costs, understanding default triggers, and releasing cosigners. 


Topic Features

  1. The costs associated with private student loans and their associated risks to some borrowers
  2. Private loan promissory notes
  3. Variable interest rates, cosigner release provisions, default triggers
  4. Qualifications for refinancing based on credit and DTI ratios.

Forms, Documents, Articles

  • CFPB reports on private student loans
  • The many pitfalls of private student loans
  • Student loan refinancing will save you money – if you don’t actually need it
  • The regressive benefits of federal student loan refinancing