Private student loans

  1. Anyone know a good student loan company - private, so not Federal sub/unsub... Other than the obvious, of course (local banks).

    Looks like I'm going to have nearly enough scholarships and grants to cover my COA at school, but I need to look into some private loans to help with living expenses.

    Thanks!
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  2. 5 Comments

  3. by   gerry79
    If you go to the TERI website they may be able to help you. They have deferred payment loans that you pay nothing on until 6 months after graduation. You can apply online and it takes about 10 days to get your money. Good luck. After re reading your post TERI may be fed sub. Go to alternativestudentloan.com and they also have loans, but you may have pay the interest every month.

    Gerry
    Last edit by gerry79 on Apr 21, '04
  4. by   manna
    Thanks... do you happen to know their URL (link)?
  5. by   klone
    I'm getting one through my bank (Wells Fargo). I don't think you have to be a WF customer, though. It's called Education Connection and their # is 877-255-2431. You can get a loan from $1,000-25,000. Their website is www.eloansecure.com, I don't know if you can apply online, though. These are unsubsidized loans (ie: you have to pay the interest each month).
    Last edit by klone on Apr 21, '04
  6. by   nurse2btracy
    Hi!

    In regards to Wells Fargo - do you apply every year or just take one lump sum for the amount that you need for the years that you are in school?

    While you are in school you only pay the interest until you graduate?

    Thanks for the info.

    Tracy
  7. by   klone
    Quote from nursetracy
    Hi!

    In regards to Wells Fargo - do you apply every year or just take one lump sum for the amount that you need for the years that you are in school?

    While you are in school you only pay the interest until you graduate?

    Thanks for the info.

    Tracy
    That's a good question and I don't know the answer. I took it as one lump sum, but I don't know if you could just apply each year for what you need that year. Yes, you only pay interest while you're in school, and you're responsible for paying off the loan beginning 6 months after graduation.

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