Private Educational Loans are available based on credit approval. Private Educational Loans are made in the student's name with a credit-worthy co-signer and can take 1-2 weeks to process. The maximum amount that may be borrowed is the school's cost of attendance minus any other financial aid. For some loan programs, principal and interest may be deferred while the student is enrolled in the school at least half-time. Fees and interest rates for these types of programs vary greatly and depend upon the credit criteria of the borrower (student) and co-signer.