Anyone know of decent private loan options?Register Today!
- by MistyDawnRN06 Aug 7, '11Hey,
Does anyone have any experience with private loans for school? If so, which would you suggest and which would you avoid?
Print and share with friends and family.
Compliments of allnurses.com.
http://allnurses.com/showthread.php?t=601845©2013 allnurses.com INC. All Rights Reserved.
- 2,499 Views
- Aug 7, '11 by MistyDawnRN06There's no need to be rude about it Wolf. I was looking for advice from anyone with experience taking out personal loans for school. I figured out how to Google a long time ago....
I'd be interested in hearing from anyone who has tried WellsFargo, SallieMae, or elsewhere. Thanks!
- Aug 7, '11 by WolfpackReddoes the school/program's financial aid office have a list of preferred lenders? also, why not ask the local better business bureau?
- Aug 8, '11 by SRNA2011I am also in the process of trying to find more info on taking out a private loan. I didn't want to use the GradPLUS loan, and so far I'm looking into Wells Fargo as a good option. I haven't applied for the loan yet and I'll probably speak with my school's loan officer first to see what's best.
- Aug 8, '11 by alir1983Is it possble to own a Maserati with a CRNA's salary, without a huge dent in the salary? because that is my number one motivation to get me through school.
- Aug 10, '11 by bibibiQuote from SRNA2011I am also in the process of trying to find more info on taking out a private loan. I didn't want to use the GradPLUS loan, and so far I'm looking into Wells Fargo as a good option. I haven't applied for the loan yet and I'll probably speak with my school's loan officer first to see what's best.
Why choose Wells Fargo instead of GradPLUS?
- Aug 19, '11 by SRNA2011When I was doing some research online, I found that Wells Fargo interest rates were lower, but are variable. I contacted the Financial Aid office at my school and decided to go with GradPLUS since it's a fixed interest rate (7.9%). I was able to apply online and borrow up to the maximum cost of my attendance, and since my credit score is good I did not need a co-signer.
- Aug 19, '11 by bibibiTo my understanding grad plus loans will not be based on your credit whereas wells Fargo loans will.
- Aug 19, '11 by SRNA2011My credit was checked when I applied for the GradPLUS loan, it also gets checked if you apply for a private loan. I'm not sure if a GradPLUS loan is easier to get vs a private loan, I'd have to research more into that. All I had to do was apply for the GradPLUS loan online, and was approved after my credit-check (Equifax). Now I just have to follow up with my school's financial aid office to see when the loan gets in.