Anyone know of decent private loan options?

  1. Hey,

    Does anyone have any experience with private loans for school? If so, which would you suggest and which would you avoid?

    Thanks!
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  2. 11 Comments

  3. by   WolfpackRed
  4. by   MistyDawnRN06
    There'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!
  5. by   WolfpackRed
    does the school/program's financial aid office have a list of preferred lenders? also, why not ask the local better business bureau?
  6. by   SRNA2011
    I 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.
  7. by   alir1983
    Is 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.

    Kind Regards,
  8. by   bibibi
    Quote from SRNA2011
    I 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?
  9. by   SRNA2011
    When 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.
  10. by   bibibi
    To my understanding grad plus loans will not be based on your credit whereas wells Fargo loans will.
  11. by   SRNA2011
    My 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.
  12. by   ElmerOmero
    Does one have to wait until admitted to a program before applying for loans or can the process be started beforehand?
  13. by   bibibi
    I think so. Especially if you are applying for government loans.

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