Any time that a type of product gets more specific it is less likely to be easily found. This has become especially true with the downturn of the American economy. If an individual is looking for private undergraduate student loans they need to be aware that they are becoming less and less available as regulations are being placed on loans. Because this is happening it is very important for the undergraduate to make sure and apply for this specific type of loan as early as they possibly can. This will help them to get in front of other students applying for the same loan.