Comments on: Private Student Loans Uk: Fund for Dream Aspirers

By: Ms. Attitude

Ms. Attitude — Fri, 21 Aug 2009 08:12:45 +0000

The better loans will always be the federal loans. The interest rates will be better and the term and fees will be better. Some federal loans also are "subsidized" which means the government pays the interest rates on them while you are in school. In both situations the loans go to your school.

Read this book. It has a very good explination about federal student loans.
http://studentaid.ed.gov/students/attachments/siteresources/FundingEduBeyondHighSchool_0910.pdf

By: Steve S

Steve S — Fri, 21 Aug 2009 06:06:01 +0000

here is a great artice on student load consolidation that may help you;
http://beezjazz.com/2008/03/18/studen-loan-consolidation-insider/

By: xsweetkisses03x

xsweetkisses03x — Thu, 20 Aug 2009 13:28:06 +0000

You actually won't see a check, they send it straight to your school's financial aid office. Any money that is left over will be reimbursed to you through your school's bursar office. (You might have to fill out a form asking for your signature to get your money back)

By: majax79

majax79 — Wed, 19 Aug 2009 15:03:28 +0000

cause their private and only that student can only use it

By: girlygirl08

girlygirl08 — Wed, 19 Aug 2009 12:45:07 +0000

Private loans that require school certification take into consideration the cost of attendance less all other aid.

The cost of attendance estimate the school uses in certifying these loans includes an estimate for tuition, fees, books, supplies, personal/misc and room and board.

Be warned: private loans have high interest rates, are not tax deductible, require a cosigner, do not have any of the forgiveness provisions federal student and parent loans offer and require a credit check. They should be used only in extreme circumstances.

By: irishman1

irishman1 — Wed, 19 Aug 2009 09:06:17 +0000

Wells Fargo might be the only one worthwhile these days. Look for ones that have little or no origination fees and have reductions if the money you owe is periodically auto-deposited.

By: wrestlingguy87

wrestlingguy87 — Wed, 19 Aug 2009 08:08:40 +0000

Honestly, your answer is going to be no. You will have to have fair credit and proof of income plus decent work history or a co-signer. They will also want your savings and checking account information to put your finances under a microscope. It is a pain…I went the federal loan route. I wish you the best of luck!