Private Student Loans: A Guide To Proper Use of Private College Loans
Detailed Private Student Loan Info: http://www.estudentloan.com/student-loans/private-student-loans When a student has run of out all financial aid options a ...
Student Loans : About Personal Loans for College Students
Personal loans for college students are also known as alternative loans, and they are provided by a private lender. Find out why private loans are based on ...
Beneficial Apps For College Students!
Hey everyone! So, today we are going to take a look at a bunch of apps which are going to be very useful for college or high school students. These apps can ...
Should college students avoid personal loans. The main problem with personal loans for college students is that they can be expensive. Since college students typically have lower credit scores, banks view them as a higher risk. This then gives the bank the freedom to charge high interest rates for these loans.
Federal student loans also have flat interest rates set by Congress, while the interest rate on a private student loan depends on your or your co-signer’s credit. Without a credit score of at least 690, you’ll likely pay a higher interest rate for a private loan than you would for a federal loan.
Personal savings, gift aid in the form of scholarships and grants, and Federal student loans should all be a part of every student’s college plan. However, even these resources can leave students with a sizable amount of unmet need.
Private loans for college, as well as those loans that originate with the federal government, are designed to help students cover tuition.
Whether you're beginning your college career, seeking an MBA, or entering medical or law school, finding the right private student loan option for your situation is paramount. Discover Student Loans offers private loans with variable or fixed rates, zero fees and rewards.