K-12 Private Loan Eligibility
* Please be aware that due to current conditions in the student loan market in particular and in the financial sector in general, NextStudent is not currently able to accept any new applications for NextStudent Private Loans. However, you may be able to apply for a private student loan from one of our trusted partners. Click here for more information.
To qualify, you must have:
- Proof of your child’s enrollment in a participating school
- Satisfactory credit history (defined as two or more years of revolving credit accounts in use)
- Satisfactory employment history with the same company or in the same field for the previous two years
- Income sufficient to make required payments
- U.S. citizen or permanent resident residing in the United States for the previous two years
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a K-12 Private Loan ApplicationImportant Information:
Since federal student loans generally offer more attractive terms than private student loans, you should always use your federal financing options first. You should only consider taking out a private student loan if you find that, even after your federal loans and grants, your school costs still exceed your available scholarships and financial aid. In that case, a private student loan could provide the remaining money you need.
In order to provide you with a student loan, it will be necessary for us to share the information you’re providing here with certain third parties, such as a lender or servicer. Any personal information you provide to us on this form may be shared with a third party as outlined in our privacy policy, for the purposes of providing you either with a student loan or with other products or services.
The lender for the NextStudent Alternative Private Student Loan described above was RBS Citizens, N.A., Member FDIC and Equal Opportunity Lender. RBS Citizens, N.A. may sell your student loan to a third party. RBS Citizens, N.A. will only sell your student loan if the third party agrees to honor all of RBS Citizens, N.A.'s promises to you, including all promised benefits that you will receive or might become eligible for during the loan repayment period.