kaliraksha
Well-known member
You guys, I am so lost. I’m going into my last 1 to 1.5 years of school (a little behind here, heh) and I cannot figure out how people get loans at such low interest rates. I’ve always paid my school tuition and living expenses myself and until recently I was doing just fine. Recently, I had some room mate issues that left me stuck with about 3,000 dollars in fees.
However, I’ve heard people (post-graduate) over talking about how they are waiting to pay their student loans because they are 2-3% interest rates. I applied for a private loan and the interest rate is almost 11%. I’m really looking at getting a decent interest rate loan because my last year is all specific harder classes and I don’t want to work more than the 32 hours a week I work now.
One major thing to keep in mind is my parents are willing to help, but their credit isn’t so hot. My credit is mediocre, I have one blemish that I was advised to not take off because it makes my credit younger- however it’s been fixed for a few years and will drop off in 2011. For the record, I do apply and receive scholarships otherwise there is no way I could afford paying for school. FAFSA doesn’t cover it all =(
Can anyone walk me through the process or give me suggestion on where to find information on getting these elusive 3% loans?
However, I’ve heard people (post-graduate) over talking about how they are waiting to pay their student loans because they are 2-3% interest rates. I applied for a private loan and the interest rate is almost 11%. I’m really looking at getting a decent interest rate loan because my last year is all specific harder classes and I don’t want to work more than the 32 hours a week I work now.
One major thing to keep in mind is my parents are willing to help, but their credit isn’t so hot. My credit is mediocre, I have one blemish that I was advised to not take off because it makes my credit younger- however it’s been fixed for a few years and will drop off in 2011. For the record, I do apply and receive scholarships otherwise there is no way I could afford paying for school. FAFSA doesn’t cover it all =(
Can anyone walk me through the process or give me suggestion on where to find information on getting these elusive 3% loans?