Struggling to Finance your Cybersecurity Education?
Figuring out how to pay for your studies can be frustrating, stressful, and super complicated. I remember being overwhelmed when I had to work multiple jobs, tap into my savings, apply for scholarships, and take out loans to fund a few courses at my local community college. However, while financing your education is not always easy, it is always worth it.
A great tool that I had no idea existed was a Private Loan! Sites like NerdWallet and Student Loan Hero can ease your search for the best private student loans by letting you directly compare loans and interest rates from different lenders. Therefore, I’ve done some of the legwork for you, putting together this short list of my favorite loans (some of which I’ve used to fund training programs and boot camps). Discover how financing your education can be a breeze.
Let’s jump right in!
Explore personal education loans through Upstart. It’s easier to qualify for Upstart personal loans with a FICO score minimum of 620. Moreover, their flexible underwriting considers educational attainment and job history, along with your credit. The application process is simple and you can get approved for an education loan in a matter of days! (I currently use them and they’ve been great to work with. This is my top pick)
LendingClub offers loans of up to $40,000. Their application process takes only a few minutes and checks your rate has no impact on your credit score. Besides, LendingClub features flexible loan terms and no prepayment penalties. A neat bonus of working with LendingClub is that they require no collateral. Once your loan is approved, you can receive your money in as few as 5 days.
No list is complete without FreedomPlus. Besides having the nicest, most helpful Loan Consultants, FreedomPlus has fixed-rate loans from $10,000 to $35,000 with APRs as low as 4.99%. If you’re approved, you can get money in as little as 48 hours. And interest rate discounts are possible with a co-applicant.
SoFi has been around for some years now and if you’ve ever worked with them, you know why: their unbelievable rates. If you have an excellent payment history and good credit, you may qualify for rates as low as 5.81% APR. Another interesting feature of their programs is their SoFi Unemployment Protection plan, which puts your personal loan into forbearance and helps you secure employment. Checking your rate has no impact on your credit score and there are no application fees, origination fees, or prepayment penalties.