Virginia Polytechnic Institute & State University

Private Student Loans

Virginia Polytechnic Institute & State University
222 Burruss Hall
Blacksburg, VA, 24061

Private student loans for studying at Virginia Polytechnic Institute & State University are offered to eligible students or parents. The financial aid officer at Virginia Polytechnic Institute & State University can assist you with the types of student loans that are acquirable. Start your application for a private student loan to study at Virginia Polytechnic Institute & State University here.

Main Program Features

• Borrow as little as $2,000 or or up to Cost of Attendance per year. $120,000 lifetime maximum
• Choose between making interest payments or a nominal $25 Proactive Payment payment towards the loan while in school
• Use the funds for any qualified educational expense, including past due tuition bills
• Quick approval once we receive your completed application
• Cosigner release after just 24 consecutive on-time payments

Student Benefits

• Zero Origination Fees for all qualified student borrowers
• Competitive Interest Rates
• 1% Interest Rate Reduction once 10% of the loan principal is repaid during the full repayment period
• 30 Day No-Fee Return Policy allows you to cancel the loan if you find a better option

Eligibility & Credit Requirements

• Borrower must be enrolled in an eligible school and pursuing a degree program
• Borrower must be a member or join a federal credit union during the online application process
• Borrower must be a U.S. Citizen or permanent resident.
• Students are encouraged to apply with a creditworthy cosigner for a better chance of approval and/or lower interest rate

Additional Information About Private Loans for Students Attending Virginia Polytechnic Institute & State University
A student loan is a loan distributed by a financial institution to help pay for the costs associated with college. These costs could include tuition, books, housing, and sometimes living expenses. Virginia Polytechnic Institute & State University does not offer or make private student loans.

A student loan to study at Virginia Polytechnic Institute & State University can be of a variety of types. The U.S. Education Department awards government student loans from the Direct Student Loans program. There are also private student loans that are lended through private financial institutions. Federal and private student loans are often added together to help pay for the financial obligation of attending a university like Virginia Polytechnic Institute & State University.

Remember, it is best to apply for a private student loan AFTER you have explored and exhausted all federal aid, grants and scholarship options. We also encourage you to review your rights and responsibilities.