please help me out with picking a student loan.
2007-07-11 06:11:42 · 4 answers · asked by goof ball 2 in Education & Reference ➔ Financial Aid
Well, when you say student loans, I am assuming that you mean Stafford loans. I am not sure where you are located but you can try edamercia, Citizens, or RISLA. They are offering no fee Stafford Loans. What that means is, for example, the government lets you borrow $3,500 in a Subsidized Stafford loan, you receive $3,500. Most lender take a 1-3% fee off the top and then disburse the rest to the school. If you are looking for loans to cover a gap in what you receive from the goverment and what your tuition is, your priorities will decide which loan works for your family. If you are dependent student, your parents can try a Parent PLUS loan. You can try an alternative loan also, which is a private educating loans that is typically paid back after school.
Be careful and only borrow what you need, remembering that it will have to be paid back. Make sure you exhaust your grant options by doing the FAFSA. You will have to complete the FAFSA to receive the Stafford loans.
Good Luck!!!
2007-07-11 07:01:10 · answer #1 · answered by Cobalt 2 · 1⤊ 0⤋
First ...........go to your school and ask for their suggested lender lists. Most lenders now pay all fees so they are usually totally zero fee. What you need to look at is the borrower benefits. Most will provide rebates based on your repayment history. Also remember to stay with the same lender each year. It will make things easier for you later when you graduation.
2007-07-14 20:32:53 · answer #2 · answered by John 3 · 0⤊ 0⤋
I know who NOT to go with - Sallie Mae! They're monsters. I know from personal experience. Also check out this website: http://www.studentloanjustice.org/
2007-07-11 13:18:10 · answer #3 · answered by Anonymous · 0⤊ 1⤋
edemerica.com
2007-07-11 13:14:38 · answer #4 · answered by lostthoughts27 2 · 0⤊ 0⤋