Monday, October 26, 2009

Would you recomend a student loan?

If so around how much



Would you recomend a student loan?

hmm, it depends on the school you're going to. And do you have a financial aid package already? Here's something that might help:



http://www.tuitionbids.com/student-loan-...



It's a Gap Calculator - you put in your school and it fills in all the costs for you. Then you fill in how much you've gotten from financial aid and the money you have saved up/can contribute. What's left over is your gap, or what you need to take out in private loans.



Like everyone has been saying, go into debt only if you need to. If you do decide to take out a loan, http://www.tuitionbids.com, the company I represent, lets you fill out one application that gets seen by up to 6 different lenders. That way, you don't have to research individual banks and you're more likely to get an interest rate that won't kill you since they're competing for your business. It's just something to keep in mind. More detailed student loan info here:



http://www.tuitionbids.com/student-loan-...



I hope that helps! Enjoy college!



Would you recomend a student loan?

You just take out what you need. See your advisor on campus, she can help you make an informed decision.



A college degree can make a huge difference in the type of job you can get. The type of job you have for 40 years (and how much it pays) has a direct bearing on your happiness.



But if you choose to get into debt, decide to finish what you start.



Would you recomend a student loan?

Your question is so incredibly vague, but I'll try to answer it.



It all depends on how much your tuition is, how much aid you get (grants, work-study, scholarships, etc.), and living expenses (if you're out on your own). If you can, I would strongly suggest to avoid a student loan at all costs if you don't need one. If you do end up having to take out a loan, go for the federal loans. Stay away from private loans, like Sallie Mae. It was so easy for me to ask for $1,000 here, $2,000 there, etc., without showing a need for it, and then you get that first monthly payment and you just about stroke out. It's easy to get the money while you are in school when you don't fully realize how much you'll be paying back.



That said, get a loan if it means the difference between going to school or not. You may be paying out the wazoo for your student loans the first few years out of college, but if you buckle down you can try paying them off in 5-6 years instead of 15-20. Then after that, you're free and clear with a degree. Definitely worth it, but only if you must.



Just remember - interest rates may be high and student loans are a hassle (in my opinion).



Hope this helps.



Would you recomend a student loan?

There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In most%26lt;!--instances the FAFSA is required for all federal financial aid including federal student loans. Deferment options are available while you are still attending school at least half-time. There are four main federal loan programs.



http://best-loans.awardspace.com/student...



Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan--%26gt;you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.

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