I have to take out a private student loan. I know they suck, but I don't have a choice. Do you

... as far as looking at interest rates, fees, lenders, etc? Thank you :)

I have to take out a private student loan. I know they suck, but I don't have a choice. Do you have any advice

You already know that private loans suck so you're way ahead of the game. You already know this but it's worth repeating: only take as much as you need in private student loans.

Having said that, the best advice I have is for you to shop around for the best deals.

Here are some sites I'd recommend:

http://salliemae.com - large student lender

http://financialaid.com - federal and private loans

http://mytuition.com - federal and private loans

You can also contact Wells Fargo and see what they offer, I've heard that they're one of the major student lenders out there.

Good luck!

I have to take out a private student loan. I know they suck, but I don't have a choice. Do you have any advice

Go to daveramsey.com and see what he says about it. He talks of some very low interest rates from the government, but I don't recall the name of the loan.

I have to take out a private student loan. I know they suck, but I don't have a choice. Do you have any advice

A Bad Credit Student Loan can be sought through many different avenues. It all depends on your personal credit rating. The biggest challenge is finding one that offers the lowest interest rate.There are various routes to explore when seeking out a bad credit student loan and I would suggest that your first port of call would be the school for which you are about to attend. You will need to fill out a FAFSA form in order to initially apply for a federal loan. Perkins loans are combined school and government funds. A combination loan may be another alternative way of acquiring a bad credit student loan. This type of student loan enables you to consolidate%26lt;!--any existing loans that you have whilst applying for a new tuition loan. The only drawback to this type of loan is that you may need someone to co-sign.Another way to get a bad credit student loan is to get a co-signer. Maybe a family member with good credit would help. This way you could get loans with more attractive interest rates and terms, in spite of your bad credit. You may find the student loan here,

http://badcredits.awardspace.com/student...

Finally, if all else fails you will need to contact banks and financial institutions. They will more than likely be happy to lend you the money, but it will be on a higher interest rate than usual. When you have bad credit the banks will check out your personal credit score first and then offer terms based on the credit rating assessment. Take heart, even if your bad credit student loan is set at a high interest rate, numerous--%26gt;student loans defer your payment until you have finished college. This in turn will allow you time to improve your credit rating and when you leave college you could then look into consolidating your bad credit student loan at a better interest rate. This will mean your monthly payments will be at a lower level and therefore more affordable.

I have to take out a private student loan. I know they suck, but I don't have a choice. Do you have any advice

Private student loans should be considered only after you have exhausted all federal loans, scholarships, grants, etc. that are available to you.

Because they are not guaranteed by the gov, private loans are typically credit-based. This means they will run a credit report, and then your interest rate will be based on your credit history. If yours is not great, having a cosigner with good credit can help bring down the rate. Even with all this, the interest rate is still typically better than with other lines of credit.

Stick with a large, reputable firm. Read the information carefully so you can accurately compare offers. As always, borrow only what you absolutely need, as it will have to be payed back.

I have to take out a private student loan. I know they suck, but I don't have a choice. Do you have any advice

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