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PEFCU Home | About PEFCU | |
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Private Loans Private loans are used to bridge the gap between what you have been awarded in federal aid and any remaining balance. These loans usually have higher interest programs. Students (or co-borrowers) must have a good credit history to obtain alternative loans. Sallie Mae Signature Student Loan® The Sallie Mae Signature Student Loan program is a low-cost, private loan alternative available to students who need funding beyond the limits of the federal loan program. You are eligible for a Signature Student Loan, if you are an undergraduate or graduate student attending an eligible four- or five-year college or university at least half time. The Signature Student Loan allows you to borrow all the money you need after you have reached your annual Federal Stafford Loan limit.
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