View Single Post
Old 11-28-07, 09:29 PM   #3 (permalink)
skate
Newcomer
 
Joined: Jun 2007
Posts: 17
skate is an unknown quantity at this point
Quote:
Originally Posted by Admin View Post
You should check out SallieMae if you haven't, a federal student loan provider. They have three types of federal student loans for undergraduates and few additional private loans if you happen to not qualify for the federal student loans. The private loans always carry a higher interest rate but may be comparably lower than private financial institutions.
SallieMae.com

Keep in mind that most if not all the student loans out there today will be about the same if you are comparing private student loans because the length of the loan is short and the loan amount is not large in your case.

If you really desire a low interest rate, it may be an inconvenience but you could ask your parents to tap into their home equity and give them a promissory note.


Yeah. I have sallie mae for federal, but will look into for the private just to tie up loose ends on the financial end in case I need it. I just need something to get me by when I'm not working, so I can recieve grants, federal and other school loans can go up by showing that i'm under a certain income limit.

Yeah i noticed all lenders private or federal are all pretty much the same, but my main interest or basically what I wanted to know when i made this thread is which has people had the best experiance with.
The reason I ask is because even though they are the same interest not all are the same when it comes to fee's, raising of interest rate, or non-payment grace period. These things are my main concerns when looking for a lender.

But i will give Sallie mae a call since they do private loans also.
skate is offline   Reply With Quote