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What lending did you use for school?

SRNA   (180 Views 4 Comments)

Defibn' has 4 years experience as a BSN, RN, EMT-P and specializes in CCU.

1,614 Profile Views; 71 Posts

I am weighing the pros and cons of Grad PLUS vs Private lenders for school starting in January. Any insight from those of you that have been there is appreciated. The origination fee (4.236%) and interest rate(7.08%) for the plus loan seem ridiculous.

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traumaRUs has 27 years experience as a MSN, APRN and specializes in Nephrology, Cardiology, ER, ICU.

15 Followers; 158 Articles; 20,918 Posts; 189,129 Profile Views

Moved to SRNA forum

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DreameRN has 10 years experience as a BSN.

99 Posts; 3,966 Profile Views

It'll depend on each person and other factors like credit, etc.  I did grad plus for the first year but this year I got a better rate with Sallie Mae private lender--think it was a health professionals one.

Get the best rate you  can.... just get through school, and then when you get out consolidate. I hear when you consolidate you get get lower rates as in 3-4% depending on the loan term you pick like 5 or 10 years as compared with 15. I hear So Fi, Laurel road, and earnest are good choices for consolidation.

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