Unlike federal loans, private loans are made by a private lender. Each private loan could differ by lender and by type of loan, so it's very important that you and your daughter understand the terms of the loan.
What is the situation with the scholarships?
Many private and non-profit organizations offer scholarships to help students pay for college or vocational school. Sometimes based on academic merit, talent, or a particular area of study, this type of free money can make a real difference by helping you manage your education expenses.