Need Help Paying for College?
We’re With You 

Apply for a Private Student Loan backed by a company with over 40 years of student loan experience.

  • CheckMid to high 600 FICO required
  • CheckEasy cosigning options with cosigner release available. See Disclaimer

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Check Your Rates

Variable Rates


Rates Between
6.27% to 16.03%
See Disclaimer

Fixed rate


Rates Between
4.49% to 15.07%
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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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 the Road Ahead

If you have 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 you 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 journey is just a few clicks away. We make the process as easy as possible, offering knowledgeable help when you need it.



Whether you’re a borrower or a cosigner, you begin the application by providing basic information about you and the school the borrower attends.



Borrowers can add a cosigner (if needed), and cosigners will invite a borrower. Either way, we'll send them an email to complete the application.



The borrower and cosigner (if one is needed) will select the best loan option from the offers.

How do I qualify?

There are just a few simple eligibility requirements.

  • CheckCitizenship
    You or your cosigner must be a U.S. citizen or have permanent residency status with a valid U.S. Social Security number.
  • CheckEnrollment
    You 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 you or your cosigner.
  • CheckAge
    You 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 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?

Check Your Rate

Why Would I Want a Cosigner?

Cosigners may help you qualify for private student loans and may help reduce your interest rate. As a student, it’s likely you’ll need a trusted individual with a solid credit score to act as your cosigner.

Don't Wait - Apply Today!

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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 a Nelnet Bank-eligible school for the loan period in question.
  • 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.
  • Minimum loan amount: $1,000
  • Maximum loan amount: $125,000
  • Minimum loan amount: $1,000
  • Maximum student loan limit:
    • Graduate and doctorate: $175,000
    • MBA or graduate law degree: $175,000
    • Graduate health professions degree: $500,000
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 full principal and interest payments as soon as the loan is disbursed).
  • Interest-only repayment (you’ll make interest-only payments while in school) and 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.
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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Nelnet Bank, and any associated logos or design marks, are trademarks or service marks of Nelnet, Inc. All loan programs and terms are subject to change or may be discontinued at any time without notice. Certain restrictions and limitations may apply.

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