2006-09-23 05:59:50 · 3 answers · asked by Camille 4 in Education & Reference ➔ Financial Aid
This is a dangerous question.
If someone is going to loan you a lot of money, like $1000s. then they want to have a very low risk of losing their money, or they want to get big interest. If you don't have a lot of credit history and the loan isnt government insured, then you are going to wind up paying a very high interest rate, or probably, a variable rate loan that will go up, up, up in costs in the future. You need to be REALLY careful about this or your financial future could be ruined!
One of the dangerous things about school loans is that if you do get into financial trouble, you cannot wiggle out of them by bankruptcy... education loans are specifically excluded from being wiped out by bankruptcy!
Go to the financial aid office of your school and see what they say. But be really careful!
2006-09-23 09:57:43 · answer #1 · answered by matt 7 · 0⤊ 0⤋
All will run a credit check and co-signer's may be necessary.
Try http://www.thinkfinancial.com/ for a good alternative student loan
2006-09-23 16:52:26 · answer #2 · answered by Anonymous · 0⤊ 0⤋
go to SallieMae.com.....very great site for student loans. I have mine from there. Plus, you dont have to pay back until you graduate, and if you continue youre education you can keep deferring the payments till you graduate higher education levels.
2006-09-23 14:37:14 · answer #3 · answered by cheryl4785 2 · 0⤊ 0⤋