PRIVATE STUDENT LOAN?

I didn’t take my sovereign loan from completing the FAFSA ’cause the seductiveness was only approach as well high…

So what have been the most appropriate in isolation tyro loans?
Educate me so I can account my education!

{ 3 comments }

altaira_3 February 26, 2014 at 5:39 am

Private student loan interest rates are always going to be higher than federal loans. Also, with subsidized federal loans, the government pays the interest while you’re in school. You don’t get that with private loans. Stick with federal loans, they are always better.

spalmer February 26, 2014 at 6:19 am

Federal stafford loans have the lowest fixed interest rates… so you should accept these loans. The federal loans also offer benefits that private student loans do not offer. The interest is only 6.8% for a federal unsubsidized loan… and 4.5%. Private loans are variable interest rates which typically range from 3.5% – 11%. Yes, the 3.5% is a great rate, but your payments are going to double when the interest raises (and it will).

Anonymous February 26, 2014 at 6:41 am

Private loans are evil and should be avoided like the plague. Federal loans have FIXED interest rates that will always be lower than private loans, plus, you won’t need a cosigner for a federal student loan like you will with a private loan. If you die or become disabled, your cosigner will still be responsible for repaying your loan.

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