Should I go to the bank and get one with them or should I apply online on one of these student loan websites? give me some good advice
2007-07-22 15:25:34 · 6 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
http://www.ed.gov/prog_info/SFA/StudentGuide/2002-3/stafford.html
I am in a Doctorate Program for Neurology at the University of New Mexico. This is where I get my loans from. They furnish me with $8,000 a year. The Subsidized loans are best, as the school helps with interest.
2007-07-22 15:32:58 · answer #1 · answered by Joe Moonraven 2 · 0⤊ 0⤋
First fill out a FAFSA online, it will ask questions about you and your parents income. If you don't qualify for federal grant, they might loan you money through Stafford loans. These can be subsidized (no interest) or unsubsidized (low interest). Stafford loans are great because the interest rate (unsubsidized) is VERY low, and they give you lots of time to repay and very low minimum balance when it is time to repay. Only go to the bank when it is absolutely necessary!! They charge really high origination fees (stupid fees) and the interest rate is very high and usually increases over time. Trust me... I had to take one out for summer school. It's 14% interest and for $5,000 I will end up paying back $12,000 by the time its paid off. Hope this helps!
2007-07-22 16:49:11 · answer #2 · answered by ? 1 · 0⤊ 0⤋
Hey girl! I got this website from the Financial Aid office at my college
Beware of scams in Yahoo Answer and elsewhere..you will regret! lol I am really scared about scam..especially there are many scams about Student Loans...so that I go to Financial Aid office to ask them...one of them let me know this:
www.key.com
www.EducationOne.com
Good luck
2007-07-22 15:41:58 · answer #3 · answered by Jason 4 · 0⤊ 0⤋
www.fafsa.ed.gov/
Go to this site. Fill out the U.S. gov't form to see what types of financial aid you qualify for. There are subsidized and unsubsized loans available to college students. If you aren't offered anything check out SallieMae Loans
Good Luck!!
2007-07-22 15:58:05 · answer #4 · answered by Hope 1 · 2⤊ 0⤋
Go to your financial aid office and ask for assistance. DONT TALK TO ANYONE ELSE. They will give you the correct guidance.
2007-07-24 16:09:57 · answer #5 · answered by John 3 · 0⤊ 0⤋
Please stay away from all these fake internet lenders wanting $ up front for there so-called fees,They are all SCAM ARTISTS out to take you for what ever they can get from you,Report them to the FTC and your states ATTY. Generals office.
2007-07-25 12:42:53 · answer #6 · answered by Anonymous · 0⤊ 0⤋