Financial Aid

There are many lenders; ranging from the federal government to private banks and companies. When borrowing money you will need to do your research research in order to see if you are eligible and if these loans are a good fit for you.

Federal Loans

Education loans have the benefits of low interest rates, most allow you to finish school before you start repayment, you can receive tax breaks on interest, and they count as good debt which can help your credit rating.

Public Loans - Conventional Banks and New Kinds of Internet-Based Enterprises

NJIT does not endorse any specific private lender; however, you may compare information about private lenders. Examples of some of the newer type private organizations which have emerged in the internet / online world (and have been reviewed by consumer reporters in the mass media--often favorably) include: