Private or Alternative PREP loans can be used to fund your child's K-12 education. Several lenders now have loan programs specifically tailored to help families fund private school tuition. And there are NO GOVERNMENT FORMS to complete. You can use the 123-Student-Loan LoanFinder to compare these loans and find the best fit for you.

Prep loans are made in the parent's name - not in the student's name. All of these loan programs will do a credit check and/or an income-to-debt ratio check on either the borrower or co-signer or both.

Prep loans are not federally guaranteed and can be applied for online. Keep in mind, however, that disbursement can take several weeks to process. Typically, the lower the cost of the loan, the more restrictive it is. Some lenders will discount fees and offer rebates.

Use our LoanFinder to compare lender options.