Who is the best private lender that offers student loans?

Question

Loan will be used for full-time enrollment in a healthcare related field of study.

Answer 1

the market changes you need seach the best day by day. I found interesting information about your answer, college loans, here. http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.html Good luck!

Answer 2

Any Federal Stafford loan provider is best. Your interest rate will be between 1.5 and 3%. I am going through Wachovia, but there are other lenders such as Sallie Mae, Citibank, Fifth bank, US bank and a few others. Since they are Federal Stafford loans, they all have to give you the same deal (interest rate, terms, etc). This information was found on the FAFSA website. Your best bet is to ask the school what your max aggregated loan amount is and see if you can squeeze a few more dollars out of your allotment. It turned out I had an extra $1,235 in my Federal Loans that I could take out for living expenses. But of course you have to pay it back later with the rest of the loans.

Search for Federal Stafford loan issuers before going through a private lender. These guys charge a much higher interest rate than you would otherwise pay (some as high as 19%)

If you have no choice but to search out private lenders, check into student credit cards too. Your rates might be lower, do a google or yahoo search for "student credit cards".

Also check your state for available Grants. Good luck!

Answer 3

Actually Sallie Mae has some of the highest fee and interest rate loans. Compare at your school. Wachovia and Citibank have much better rates and are ZERO fee.

Answer 4

Students who are looking for a bad credit student loan should pick three schools they are most interested in, talk to the admissions office, and ask what is needed to apply in their school.A bad creditdepending on whether you are a homeowner or not. The rate of interest to be paid on unsecured bad credit student loans is higher than that on secured bad credit student loans. This is because the secured bad credit student loans are backed by your home as a security.