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?
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- 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.