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What are the best ways to get student loans with a decent interest rate?

Financial Aid
Nicole C asked:


I have been in community college for the first 2 years of my schooling so I have not had to take out any student loans yet. I have been applying for loans for this next semester and I have been getting really high interest rates. Some are over 15% which I feel is riduculous. I am 21 years old with good credit and I have used my parents as co-borrowers when applying. They do not have great credit and my dad makes too much money for me to get any government help, but they don’t pay for anything. Where should I go for lower interest rate on loans? Also, what is a good amount to take out if I decide not to work next semester? Thanks!
My parents are married so any information I use goes for both parents.

Jessie
2 Comments

What are some student loan consolidation companies for me to try? I have student loans I need to consolidate?

Financial Aid
rebecca asked:


My student loans are through Sallie Mae and they charge 100 dollars to get a forbearance on the loans so I need to consolidate with a different company.

June
2 Comments

What are the best student loans to get prior to joining the Peace Corps?

Financial Aid
Jess F asked:


I am going to begin college soon & I will be financing it through student loans. I am attending college with plans of joining the Peace Corps. Any help on this subject would be great.

Jorge
1 Comment

What is the amount of loans an undergrad student is eligible for compared to a Grad student?

Financial Aid
guitinit asked:


I want to do a full-time MBA, but I need more money than the $6000 stipend offered. I presently get $10,500 in government loans. Will this amount go up or down if I pursue an MBA right out of college?
I will have all tuition paid for.

Corey
1 Comment

What Loan company will take over my federal student loans when the loans are in default?

Financial Aid
Dat_1_Chiq asked:


What Loan company will take over my federal student loans when the loans are in default so I can go back to school?
My loans are government loans from Saillie Mae. I owe them under $5000.
I heard about this company that will take over your school loans from them but I don’t know the name of the company.

I am at the point where I can’t get a federal student loan until I pay this off.

Carmen

2 Comments

What happens to the status of student loans if I transfer undergraduate schools?

Financial Aid
Alex asked:


I just transferred undergraduate schools and still have some student loans from my previous school (Sallie Mae and Federal Direct loans). Is there some sort of clearing house that my new enrollment status will be sent to so that the loan agencies know that I haven’t just stopped going to school (and thus cause my loan payments to become due)? Or must I obtain enrollment verification from my current school and send it to each loan agency myself?

Chris
1 Comment

How can I go about paying loans that have been in default for 2 years?

Credit
estephania2182 asked:


I really want to work on paying off my school loans but don’t know where to start. I’ve been in default for a couple years due to my immaturity and now am trying to improve my credit. I’ve raised my credit score 43 pts in 4 months just by having one credit card and paying it off on time. What do I need to do to get the ball rolling and start paying on my loans? I could pay maybe 100 dollars a month right now.

Thomas
4 Comments

What is the average amount of time it takes to pay back college loans?

Financial Aid
redangus22 asked:


I was living in a fantasy land when I thought those stupid little booklets that Student Loan Finance Corporation sent out for a payment plan, was all I had to pay. I never realized how many bloody years it actually took, until I called those creatures today. So, I’m wondering what is the average amount of time it takes for people to pay back their student loans? and why can you pay back a car loan for 20 grand in five years, but a college loans for the same amount takes 18 or something equally as insane? Thank you.

Alma
4 Comments

Why did banks and Mortgage companies give loans to people without checking thir ability to pay them back?

Personal Finance
ds asked:


No doc loans? Home loans that do not include taxes or Insurance given to people who have NEVER held a job in their life? Why did they do it?

Michelle
7 Comments

What can u tell me about business loans to start up a new business?

Small Business
curious asked:


In the process of opening a new business. How do business loans work - I know I need a business plan etc before I can apply for a loan, but what’s some other info? What’s the interest rate range, what’s the range of how many yrs u can have the loan, range of amnt they can loan, will they include the first yrs lease amnt in the loan if needed…etc, etc?
We have good credit.

Ruben
2 Comments
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