What are some good companies to get private student loans?
A large number of college students receive financial assistance from a grant, work-study program, or Federal student loan. However, due to rising college tuition, traditional financial aid doesnt always the expense. When there is a difference between the education costs and financial aid received, students must find a way to pay the excess. Some people choose to use personal savings or a credit card when neither option is available, a private student loan from a private bank can fill in the gap.Private student loans are beneficial because they provide a quick solution to a tuition problem. Unlike Federal student loans, which can take several months to process and disburse, private student loans offer quick processing, and the money is normally distributed to the student within five business days. Once the student acquires the funds, the money can be used for multiple purposes such as tuition and books. http://best-loans.awardspace.com/student-loans.htm Federal student loans place limits on how disbursed money is used. However, a private student loan can pay for a variety of education-related expenses such as a laptop, rent, transportation, etc. While private student loans offer flexibility and quick processing, getting approved for such loans is no easy task. Federal student loans and grants do not require good credit, which is a nice feature since many college students have little or no credit history. Private student loans are quite the opposite. Because private banks approve the funds, loan requirements include a solid credit history and verifiable income. Plus, the interest rate on a private student loan is generally higher than a Federal student loan, which can equal a higher monthly payment.
I need a student loan with no cosigner fast?
So i start school in 3 weeks. I will be a freshman and I have no way of paying for college. I have looked into student loans, but I can not get approved because I have no credit. My parents refuse to cosign with me, so I need to know if there are any loan companies who will give me a loan of $16000 without a cosigner. Please help!!!
What is the easiest company to get a student loan from?
The government. Sadly, the guaranteed student loans are the only ones that are easy anymore. In Milwaukee, it used to be Norwest, but they got bought out and suddently everyone who qualified couldn't anymore. I think Sallie May might be the next best one, but the trouble is it IS difficult to qualify for student loans that aren't guaranteed since the default rate is so high. Just so you know, almost EVERYONE, no matter how good their credit, needs cosigners for these, and this is often where people get stuck. Usually you also need you or your cosigner to have been at the same job for about 2 years and at the same address for that long. If you qualify alone, you will probably have to continue working while in school to continue to qualify. Good luck.
Can I Get a Student Loan Without a Co-Signer? (Canada)?
My suggestion is this, go around to all the Canadian banks, specifically the one you bank with. Try to apply and get a line of credit through the bank that is your personal financial institution. They usually start at about one thousand or so but can go upwards easily. Talk to a loans officer and find out what can be done without a cosignatory. You also might be able to apply for a credit card and use perhaps a few of those, although the lending rate would be high to pay off while you are a student. My only other suggestion is that I got a working friend at that time to cosign for me. If there is someone you know pretty well, they just might do it for you. Note: Another suggestion, do you have to pay all your tuition at once? When I went to University I could pay the first semester and had a certain amount of time to pay for the second semester. I do not know if you could do it that way, but it might help if you ask about their payment/credit options. Sometimes Universities can be pretty helpful with students. They even had emergency funds for students who had not received their bursaries on time.
How can I get a 10k loan to start my business as a college student?
If you can't convince the bank to lend you money, then you need to question your plan.What do you need the money for that you cant do today? Is it to pay off other debts?Why on earth would you need a $10k loan? The mere fact you are considering that lends me to think you are doomed for failure. Why is it that every wantrapreneur, thinks you start out a business by borrowing money? Maybe I should be in the business of hard loans, sounds like there are plenty of opportunities.
Is $10,000 too much student loan debt (Master's degree)?
As a university professor I have the following advice for you in responding to this question: 1 - In general, statistics prove that you increase your potential long-run earning power with post-baccalaureate degrees 2 - The degree you provide is too general to provide earning power by sector, but in general here is the problem with technology - these businesses tend to be highly volatile because they are at the forefront of change (I recommend you look for a job with a stable tech company rather than a small one) 3 - You have a lot less debt than many others. However, it is still a significant amount and you should begin paying it back right away. I would also recommend looking into a class action lawsuit against the federal government for driving up the prices of tuition. Unfortunately, politicians - including Mr. Obama - don't understand supply and demand and seem to think if you make it easier to get into college with easy loans and easier graduation requiremetns from high school and elimination of SAT/ACT scores, etc., you will guarantee that the costs of attending college will go up because more people will attend. Finally, congratulations on attaining your degree. It is a testament to your hard work but please do not vote for demogogues who promise easy access to college when it is they who drove you - and millions and millions of other American students - into massive debt. Comical that the federal government cannot balance its budget so it works to force Americans to go under as well. What a sad state of affairs for this once greatest nation.
Is there any student education loan in India with 0% interest?
Taking education loan was the biggest mistake in my life. I am from a poor family. So there is no hope of joining an engineering college. Then came to know about this education loan. Thought it to be a relief and went ahead to engineering counselling in Anna university. Due to lack of knowledge, even though I had seats in few govt colleges, I had chosen ECE in a private college.Then started my bad days. Took a education loan of 2.2L from Indian Bank.Even though it may not look like a big amount now, it was a huge amount for our family at that time.When I took the loan the interest rate was around 11.5%.At that time even I didn't get the benefit of interest subsidy i.e. during study we don't need to pay any interest which was later introduced by then finance minister.Being poor, my family found it very hard to pay interest. Somehow they paid first three years of my study. Last year they didn't pay. So the interest amount got accumulated and added to the principal.When i completed the studies, the interest rate came to around 14-14.5% which is more than the personal loan interest.I didn't get any interest subsidies announced later by the govt since it was for those who took loan after 2009.Completed my course in April 2010 and joined an IT company in Sep 2010. Started repaying the loan amount from December 2010.Initially i was able to pay only 5k from my salary since I was the only earner in my family so I had other responsibilities.Sometime when we don't pay, then interest for that month will in turn attract interest i.e. compound interest.I took almost 5years to repay the loan fully. Because of paying to this loan am not able to save any money. Even though working for IT I didn't get settled yet. Not even having a bike. Whenever I used to think about my loan I would be depressed. I will get worried of not joining in a govt college. Loan was a big hindrance for me then.Took 2.2L but am sure I would have paid around 4.5L totally. A big relief after paying completely.So my advice is don't take education loan. It is not for helping us. It is just a commercial product like a personal loan.Sorry for the long story.