How I can get student loan from fanimey or slimay?

Question

I filed allready FAFSA APPLICATION and they give me25% subsidies loan. I am looking for loan which I can pay after graduation.

Answer 1

You'll need to straighten out the names of the companies first: they are Fannie Mae and Sallie Mae. Fannie Mae deals in home loans. *Sallie Mae* is the educational loan servicer that you'd want to look for if you're seeking a private educational loan (Nellie Mae is an educational lender as well). To apply for Sallie Mae's Signature Loan product (which is by far the most widely used in the nation), go to http://www.salliemae.com/signature .

If you must borrow privately, the Signature Loan is a good choice. Sallie Mae's approval rates ten to be fairly high but, even so, do your best to apply with a co-signer. Not only will this increase the likelihood that your application will be approved, it will usually help you obtain a better interest rate on your loan.

If you are not approved for the Signature Loan, there are other educational lenders that you can consider. Of course, don't apply for loans indiscriminately, since each credit application that you submit results in a small "hit" on your credit report. So, if your first loan application is denied, do a little research to determine why (get a free credit report: http://www.ftc.gov/bcp/conline/pubs/credit/freereports.htm ) and then apply for the loan that best suits your needs. For a list of private loans, try here: http://www.finaid.org/loans/privatestudentloans.phtml
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By all means, once you have exhausted your federal and institutional scholarship/grant options, try researching private scholarships before you apply for another loan. There are a multitude of scholarships available to students in all degree programs. For some ideas, try these search engines:

http://www.finaid.org/scholarships/other.phtml
http://www.fastweb.com
http://www.srnexpress.com
http://www.scholarships.com
http://www.scholarships101.com
http://apps.collegeboard.com/cbsearch_ss/welcome.jsp
http://services.princetonreview.com/default.asp?RUN=%2Fcollege%2Ffinance%2Fscholar%2FscholInterview%2Easp&RCN=auth&RDN=7&ALD=http%3A%2F%2Fwww%2Eprincetonreview%2Ecom
http://www.collegeanswer.com/paying/content/pay_free_money.jsp

However, please know that all scholarships, including the small ones, are competitive. Do yourself a favor and watch out for scholarship scams -- it is a huge myth that there are "tons of unclaimed scholarships." For information on this myth (and other scams), try reading these pages:

http://www.finaid.org/scholarships/unclaimedaid.phtml
http://www.finaid.org/scholarships/protecting.phtml
http://www.ftc.gov/bcp/conline/pubs/alerts/ouchalrt.htm

Answer 2

1

Answer 3

Call Sallie Mae and inquire on what amount you are allowed to borrow for each semester. You can get subsidized and unsubsidized loans which you do not have to pay back until you finish school.

Answer 4

Look for something besides loans--

There are tons of scholarships that go unclaimed each year. Many $400, $500 or $1000 scholarships never even get applied for because people think it's chump change and not worth applying for. Well, get a few of those $500 scholarships and it'll really make a dent in your tuition bill.

Do a search on scholarships, search your major, your ethnic heritage, your town, your parents employers, your employer, hobbies, high school, local chamber of commerce/rotary/ lion's club etc. Left-handed? There is a scholarship out there for you! Older woman returning to school? There are scholarships out there for you. Do combined searches on more than one criteria "hispanic women aviation scholarships" etc.

Go to the library and ask the reference librarian for a reference book on scholarships. They usually have more than one. There are all kinds of scholarships out there, you just have to start applying yourself and make it your summer career to send out letters everyday for scholarships. Good luck!

Answer 5

sallie mae