Interest rate on one loan that was approved( for student, father cosigner ) was high. Any lender you know of that would give a loan to the student at the lowest rate available? Was approved by My Rich Uncle but do not want it at 16% interest.
2007-02-09 06:53:07 · 3 answers · asked by John F 1 in Education & Reference ➔ Financial Aid
Private student loans have very high interests. If possible, try to get a federal loan. I have three student loans, two private and one federal. I can't consolidate them because the interest rate would be the same and I would have more fees, so I am paying three seperate payments a month. You will be hard pressed to find a private loan with low interests. However, have your mom and dad check what their employers offer, one of my loans is through my dad's work (he had to cosign though), and it's lower than 16%. Good luck!
2007-02-09 07:02:08 · answer #1 · answered by queenrakle 5 · 1⤊ 1⤋
All inner most pupil loans require a co-signer. Sorry, yet it truly is only a reality. in spite of in case you had ideal credit, you ought to nonetheless be required to get a co-signer for a private pupil mortgage.
2016-12-03 23:10:13 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Goolge it.
2007-02-09 06:56:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋