Need Help Paying for College?
We’re With You 

As a cosigner, you may be able to help your student secure a Private Student Loan from Nelnet Bank.
  • CheckEasy cosigning options available
  • CheckMid to high 600 FICO required

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Check Your Rates

Variable Rates


Rates Between
6.29% to 15.51%
See Disclaimer

Fixed rate


Rates Between
4.49% to 15.47%
See Disclaimer

Before taking out a private student loan, make sure to take advantage of any federal student loans, grants, or scholarships you have access to. Federal student loans often include benefits and lower interest rates, so be sure to consider all of your options before applying for a private student loan.

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Displayed rates are accurate as of June 1, 2024 and may be different at the time you apply.

Lowest rates listed above include an interest rate reduction for eligible applications, enrollment in auto debit, and are available only to the most creditworthy applicants. Advertised variable rates reflect the starting range of rates and may increase over the life of the loan.

See Disclaimer

Get More Help for Next Semester

If your student has funding gaps to fill before next semester, Nelnet Bank is here for you. Backed by a company that’s helped over 30 million students successfully navigate repayment, Nelnet Bank offers a wealth of knowledge and educational funding solutions that give your student an advantage at every step.

Auto Debit Savings

When repayment starts for you or your student, you can set up automated payments and cut .25% off your interest rate. See Disclaimer 1

Cosigner Release

Gain the flexibility to assist your student when they need you, then release your obligation once they’re ready to take it over – a nice addition to Parent PLUS loans. See Disclaimer

Flexible Repayment Options

Your family or your student can handle repayment on your terms, with options that let you control how fast you repay.

How To Get Started

The next step in your family’s journey is just a few clicks away. We make the process as easy as possible, offering knowledgeable help when you need it.



You (as a cosigner) or your student can begin the application by providing basic information about the applicant and the school the student will attend.



You can “invite” your student as a borrower, or your student can add you as a cosigner (if needed). Either way, we'll send an email to complete the application.



You and your student can then select the best loan option from the offers.

How does my student qualify?

There are just a few simple eligibility requirements.

  • CheckCitizenship
    Your student or cosigner must be a U.S. citizen or have permanent residency status with a valid U.S. Social Security number.
  • CheckEnrollment
    Your student must be enrolled at a Nelnet Bank-eligible school for the loan period in question.
  • CheckCredit
    A mid to high 600 FICO score is required for your student or cosigner.
  • CheckAge
    Your student must be the legal age to enter into binding contracts in your state/territory of residency, or be at least 17 years of age and apply with a cosigner who is at least the age of majority in their state/territory.

What do I need to get started?

Have this basic information on hand to make your application process as smooth as possible.

  • CheckPersonal Information
    You’ll need to provide your birthdate, Social Security number, and address. (We need your SSN to validate your credit information. Don’t worry, it’s a “soft pull” so it won’t affect your credit score. We promise.)See Disclaimer
  • CheckIncome + Costs
    You’ll need to provide your annual income and monthly housing expenses.
  • CheckSchool Information
    You’ll need to provide your student’s expected graduation date, estimated education costs, and amount of other aid you’ll receive for the term.
  • CheckLoan Amount
    You’ll need to provide your requested Nelnet Bank private student loan amount.

Ready to Start Saving?

Get Started

Why Should I be a Cosigner?

Cosigners may help students qualify for private student loans and may help reduce the interest rate. It’s likely your student will need a trusted individual with a solid credit score to act as a cosigner.

Don't Wait - Apply Today!

Apply Now

Frequently Asked Questions

Have questions about private student loans? If we haven’t answered your questions below, contact us – that’s why we’re here.

The short answer is – it depends on the type of loan. There are federal student loans that are backed by the U.S. government, and private student loans that are made by private banks.

The longer answer? Federal Direct Loan interest rates are determined each year by the U.S. Congress. Private loan interest rates are set by private lenders (like Nelnet Bank) using a number of factors.

Eligibility Requirements:
  • You must be enrolled at least half-time at a Nelnet Bank-eligible school for the loan period you are applying for.
  • You or your cosigner must be a U.S. citizen or have permanent residency status and a valid Social Security number.
  • A mid to high 600 FICO score is required for you or your cosigner.
  • A cosigner isn’t required, but may help you meet credit or qualify for a better rate.
  • You must be of the age to enter a binding contract in your state of residence or territory.
  • Minimum loan amount: $1,000
  • Maximum loan amount: $125,000
  • Minimum loan amount: $1,000
  • Maximum loan amount:
    • Graduate and doctorate: $175,000
    • MBA or graduate law degree: $175,000
    • Graduate health professions degree: $500,000
*Maximum loan amounts are subject to limits on total student loan debt
A cosigner is a creditworthy person willing to assume responsibility for loan liabilities if the borrower fails to repay the loan. Applying with a cosigner may help you qualify for a loan and also lower your interest rate. Cosigners must be eligible U.S. citizens or permanent residents.
There is no typical payment. It all depends on how much you borrow and which repayment option you choose.
Some of your repayment options include:
  • Immediate repayment (you'll be required to make monthly full principal and interest payments as soon as the loan is disbursed).
  • Interest-only repayment (you’ll make monthly interest-only payments while in school) and monthly full principal and interest payments after you separate from school.
  • Defer principal and interest payments (you won’t be required to make any payments until after you separate from school) but interest will accrue while in deferment.
  • Fixed payment ($25 monthly fixed payment amount while in school and monthly full principal and interest after you separate).
You’ll need to contact your student loan servicer or private loan lender to start the deferment process – keep in mind that you’ll still accrue interest while your loans are deferred. If your loan is through Nelnet Bank, you can request deferment in your online account or by contacting us at 800.446.4190 or

1Interest rate reduction of .25% for automatically withdrawn payments from any designated bank account (“auto debit discount”). Auto debit discount applies when full payments (including both principal and interest) are automatically drafted from a bank account. The auto debit discount will continue to apply during periods of approved forbearance or deferment if the auto debit discount was in effect at the time of receiving the forbearance or deferment. Auto debit discount will remain on the account unless (1) the automatic deduction of payments is canceled or (2) there are three consecutive automatic deductions returned for insufficient funds at any time during the term of the loan.back

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