Non certified private student loans are disbursed to the student directly and are not certified by the school or institute. Students can allocate these loans according to their own educational preferences and needs. If compared to certified student loans, uncertified loans can be used more freely by students, and also cover expenses that traditional student loans may not cover. On the other hand, it is important to remember that non certified student loans may carry a higher rate of interest. Books, traveling, and boarding are a few major educational expenses that can be paid for with the help of non-certified private student loans.