Anyone know of decent private loan options?

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Specializes in ICU.

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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Specializes in Nurse Anesthesia, ICU, ED.
http://lmgtfy.com/?q=graduate+school+private+loan+options
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Specializes in ICU.

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!

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Specializes in Nurse Anesthesia, ICU, ED.

does the school/program's financial aid office have a list of preferred lenders? also, why not ask the local better business bureau?

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Specializes in Critical Care.

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.

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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,

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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?

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Specializes in Critical Care.

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.

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To my understanding grad plus loans will not be based on your credit whereas wells Fargo loans will.

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Specializes in Critical Care.

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.

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Does one have to wait until admitted to a program before applying for loans or can the process be started beforehand?

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I think so. Especially if you are applying for government loans.

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