Sallie Mae - Private Loans - page 3

Has anyone used Sallie Mae to finance their education. I do not qualify for Financial Aid and will need to take out a private loan. I am just a bit overwhelmed by all the ones to choose from. Sallie... Read More

  1. by   WDWpixieRN
    Quote from SAHStudent
    Well...not entirely true. I've spent hours looking and actually have not found anything. Well I take that back I did find maybe 2 and didn't get them because they were pulled out of a hat. It can be hard to find scholarships depending on which type of school, ethnic background, GPA, type of nursing, state you live in...it just all has to fall in place. It can be hard to find some.
    I agree with this....I've spent time looking both for myself and my son who was a freshman this year, and without doing a complete genealogical background search on both sides of the families going back to the beginning of time, or lying about my financial status, I came up with nothing. My financial aid office was of no help to me nor was his at his university. We're white, middle-class, with him as the only dependent we had left (meaning we're not American Indian, or direct decedents of Thomas Jefferson or whoever/whatever; nothing "defining" about us) . My salary for the previous year especially made us look like we're in too high of an income bracket. Hopefully this coming year at least my son will qualify for a little more aid based on my not working for 5 months last year and my husband starting a new business!
  2. by   Cherish
    For those who are having problems finding scholarships. Please check this website. It's a compilation of MANY scholarships and you DO NOT have to be a person that just got out of high school. Just fill out the information and it will come up with a list of scholarships you qualify for. After that its up to YOU to apply for these scholarships.

    http://www.fastweb.com/
  3. by   IrishIzCPNP
    Quote from maurabartley
    Did anybody here get loans to "live on" while going to school?



    The loan I got through Teri kind of did. They contacted my school to find out cost. My school did not tell them the cost of credits only. They have the cost of credits, books, gas and so on. When I saw what my school considered the cost of the year I was shocked. I could have taken out enough to live on (minus maybe my mortgage which is high and my car).
  4. by   Spill
    I just got approved for a Sallie Mae, Tuition Answer Loan---it will cover living expenses etc!!!!!

    Thank you for this thread...this is exactly what I needed, now I can sleep better at night.
  5. by   WDWpixieRN
    Quote from Spill
    I just got approved for a Sallie Mae, Tuition Answer Loan---it will cover living expenses etc!!!!!
    Thank you for this thread...this is exactly what I needed, now I can sleep better at night.
    Congrats and best of luck in school!!! Study hard and you'll do well!!!
  6. by   HeartJulz
    Sallie Mae interest rates are really high... I actually got approved through B of A (bank of america) but my credit scores are well almost to 800. First obtain your score, look around at which places are flexible and try to get lower rates. A school that may be $20,000 you end up paying almost who know.... $30,000 with those high rates. Also there are a lot of creit cards w 0% for 12 mths... as a single parent constantly juggling through life, I have found out a lot of ways to save money and get what I want and where I want... just gotta set aside some time... good luck!
  7. by   barbnyc
    Sallie Mae Tuition Answer loan.

    The interest rate is based on your credit score. If you don't have a credit history or bad credit, you will need a cosigner.

    The process takes about one week once you have all the paperwork done. The check comes fast.
  8. by   WDWpixieRN
    Quote from HeartJulz
    Sallie Mae interest rates are really high... I actually got approved through B of A (bank of america)
    Are payments due on this loan while you're in school? What type of loan is this as I'm sure there are lots of us who would like to look in to alternatives...
  9. by   2bNurseNik
    Does anybody know of any student loan one can qualify for if they don't have A1 credit. I have been turned down by Mohela and Citibank all because I have one stupid collection (cable bill) :angryfire . That sucks because the rest of my bills are all paid and on-time.
  10. by   TheCommuter
    Quote from NikNik
    Does anybody know of any student loan one can qualify for if they don't have A1 credit. I have been turned down by Mohela and Citibank all because I have one stupid collection (cable bill) :angryfire . That sucks because the rest of my bills are all paid and on-time.
    Sallie Mae will issue student loans if you have imperfect credit, just as long as you are employed at the time you apply. Your interest rate might be higher than usual, but they will issue loans to people with bad credit.
  11. by   HeartJulz
    The rate I got was. 9.97%, again through BofA... which was similar to a credit card, but they send personal checks... Im very happy I did it through them ...only 11,000 left to pay ! hahaha
  12. by   Cherish
    9.97? And you fico score is near 800? Thats kind of high.

    Also if anyone wants alternative loans check out the Pre-CRNA forum there is a sticky at the top with alternative loans for school. Went thru it last nite and received a lot of information. Hope that helps!
  13. by   HeartJulz
    actually for a loan for over $20,000 9.97% was the most decent out there and yes even w my credit scores being high ...

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