What are the best ways to get student loans with a decent interest rate?
I was at school during the first 2 years of my school, so I do not take any student loans yet. I had applied for loans for next semester, and I still very high interest. Some of them are more than 15%, which I think riduculous. I’m 21 years old with good credit and I used my parents as one of the borrowers in applying. They have no merit and my dad makes too much money for me to help a government, but they pay nothing. Where can I apply for a lower interest on loans? Moreover, a good amount to take, when I decided not to work in the next semester? Thank you! My parents were married so that all the information that I use for both parents.
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Don’t get into debt if you don’t have to. There are so many scholarships and grants out there. This is the cheapest way to go. Reapply and just use your moms information. Dad is out of the home. Those interest rates will break you, I know. Been there done that and still paying. There are ways around the system I just don’t know where to get the information from.
Good luck with your schooling. Try scholarships.com or grants.org.
This is a pretty standard question. Without spending too much time in a financial aid office, there is plenty you can do get the process started.
Start by going to http://www.fafsa.ed.gov/ and filling out the online form for federal student aid. After finding out what you are eligible for in terms of subsidized stafford loans, you can figure out if that is enough to finance your tuition and expenses. In most cases, it isn’t. If you find that you need more money then you are offered, you may want to try a private student loan.
The best thing to do is compare the different private lenders out there, which can be done at http://www.finaid.org/loans/privatestudentloans.phtml
Most of the rates are very similar but do a little research and pick one that you think is best. I would suggest Think Financial. The application process is very quick and easy, and the check is sent directly to you so you can use the money for whatever you want. The limits are much higher with private student loans, up to $40,000 per year. You can find out more information about a Think loan at http://www.thinkfinancial.com . Good Luck.