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Student Loans!

ZtribalZtribal Registered User regular
edited April 2007 in Help / Advice Forum
I've got full Pell Grant. Finalized my Stafford, sub and unsub. I'm looking into scholarships, but I need an alternative loan for about $16,000!

I'm getting a family member to cosign, I'm going to coerce them tomorrow.

Does anyone know of a good lender?

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Posts

  • noir_bloodnoir_blood Registered User regular
    edited April 2007
    Your best bet is probably to go to a regular bank and ask for a loan there. Loanders like Sally Mae and the like charge and ungodly amount of interest.

    noir_blood on
  • AbsoluteZeroAbsoluteZero The new film by Quentin Koopantino Registered User regular
    edited April 2007
    Head to your school's financial aid office and ask them what your options are for additional sources of funding. They will help you out, at least they should because really it is them helping you give the school money.

    I don't know where you are, but in Minnesota you can get set up with something called a SELF loan, which tops out at $40,000 and you aren't required to make payments on principal until you graduate. Interest is in the ballpark of 7%, which is likely better than what you'd get from your average bank. I wouldn't be surprised if there was a similar program available to you. Like I said... go talk to the financial aid people at your school.

    AbsoluteZero on
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  • JasconiusJasconius sword criminal mad onlineRegistered User regular
    edited April 2007
    If you actually get a good co-signer then just going to a bank will probably be better.

    Sallie Mae may charge extra interest, but they will give a loan to pretty much anyone with a telephone number, a good choice if you can't get a co-signer.

    Jasconius on
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