Sunday, May 11, 2014

Getting a private student loan for college? and Phone Call with President about Student Loans

Getting a private student loan for college?



Is it hard to get a private student loan? Also, what of all is involved in the process of getting one and do students get these loans through a bank or through the financial aid office of their school. What would be a typical interest rate for a private student loan?


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Answer by ♥ Nurse Hug-a-Thug ♥
Interest is typically very high. One can go to the bank for a loan if they have working parents with great credit scores who are willing to sign for the loans. It isn't easy to get a loan from a bank for schooling without a cosigner. College financial aid offices can assist you in finding lenders like Sallie Mae who will charge an incredibly hefty fee but you will have a little easier time getting a student loan. Personally, I signed my soul to Sallie Mae my first semester and regret it deeply. I'd simply attend community college and let Stafford loans pay the fees, so there is no worries on not having enough tuition cash.


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Phone Call with President about Student Loans
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Image by MDGovpics
Governor O'Malley takes phone call with president about student loans by Tom Nappi at Governor's Office, State House, Anapolis, Maryland



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