Prosper: A Student Loan Alternative

Cover what federal loans don't

College costs include much more than just tuition, and every college student is in a unique situation when financing their education. Make sure you and your loved ones have enough to cover any unexpected expenses.

A Prosper loan requires payments while a borrower is still in school, but can help finance items that government student loans may not.

From general living expenses to high interest debt consolidation, an unsecured loan through Prosper can help give you the extra boost you need to graduate or get rid of student debt — and all at a great rate, too.

How a private student loan can help

Federal loans are usually the best source of student loans, but can be very restrictive in how you use them and which students are eligible. Private student loans are the next stop, but there are still restrictions. Many student loan packages are aimed at a traditional student. What are your options when attending a vocational school, taking some courses later in life, spreading out a big tuition bill through the year or attending school part time while working?

A loan from Prosper is more flexible. Repayment does begin immediately, unlike a traditional student loan which doesn't require repayment until after graduation, but you are in control of the money and how you need to spend it. Personal loans for students still provide a much better alternative to relying on high variable rate credit cards, scraping by just paying the minimums.

There are no application deadlines or cost for applying, and the loan funds will go directly to you — not your school — for you to use as needed.

Private loans for today's student

Maybe in decades past most students were fresh out of high school, attending school full time and getting help from their parents. Today's graduating classes are more diverse.

A personal loan based on your credit history can help in situations where government loans can't. A working mom finishing her degree might need an easy student loan to meet the big up-front cost of tuition, and spread the payments out across the semester. A young man attending an accelerated truck driving school might need a short-term loan to pay his rent while he's attending class. An up-and-coming executive might need a student loan without a cosigner to finish her MBA. The best private student loan is the one that fits your life.

Apply now and make sure you cover all of your needs.

What is Prosper?

Prosper is an online community where people come together for lending and borrowing money. By bidding for loans, lenders can get great returns and borrowers can get great rates—and that helps everybody.

Get a Personal Loan for Education