- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Applying for a private student loan
Posted on 11/19/12 at 3:39 pm
Posted on 11/19/12 at 3:39 pm
What is the best route to go for this?
I graduate in December 2013, but I'm not eligible for loans due to having completed too many hours (changed my major a few times).
I could probably get a loan from my parents, but I'd rather not go that route.
I graduate in December 2013, but I'm not eligible for loans due to having completed too many hours (changed my major a few times).
I could probably get a loan from my parents, but I'd rather not go that route.
This post was edited on 11/19/12 at 3:40 pm
3
Posted on 11/19/12 at 6:13 pm to TigerBait1127
Sallie Mae
Discover
and a few others...that's about it.
<------ 80k+ in private loans
Discover
and a few others...that's about it.
<------ 80k+ in private loans
This post was edited on 11/19/12 at 6:14 pm
Posted on 11/19/12 at 6:41 pm to TigerBait1127
quote:
I could probably get a loan from my parents, but I'd rather not go that route.
Yes, yes you do.
<------Way more in loans than Golfer.
This post was edited on 11/19/12 at 6:42 pm
Posted on 11/19/12 at 7:49 pm to Teddy Ruxpin
quote:
Way more in loans than Golfer.
Holy shite. How much is your monthly payment on loans?
Posted on 11/19/12 at 8:28 pm to TheOcean
quote:
Holy shite. How much is your monthly payment on loans?
I consolidated through direct loans, but I have one loan pending to be folded in. I expect the payments to be around $300 a month.
Full repayment in 10 years would have run $2,000 a month.
I am fully aware of that disaster, but I'm managing it.
Posted on 11/19/12 at 8:30 pm to Teddy Ruxpin
I have a private loan through chase.. 9% variable interest.. Find another alternative if possible .
Posted on 11/20/12 at 7:35 am to TigerBait1127
I have a conslidated loan through the gubment...locked in rate of 5.125%. Any chance I could do better with a private lender? Assume good credit
This post was edited on 11/20/12 at 7:35 am
Posted on 11/20/12 at 10:12 am to Teddy Ruxpin
quote:
I am fully aware of that disaster, but I'm managing it.
You are not alone, brother....you are not alone!
Posted on 11/20/12 at 10:40 am to MSMHater
What is the reason for the high rates when interest rates are so low?
My student loan debt, which was taken out pre-2004, was at a ridiculously low rate of something like 1.3%. It was basically free money as far as I was concerned with a rate that low.
Why they huge increase? Is it Obama?
My student loan debt, which was taken out pre-2004, was at a ridiculously low rate of something like 1.3%. It was basically free money as far as I was concerned with a rate that low.
Why they huge increase? Is it Obama?
Posted on 11/20/12 at 10:45 am to nikki6
quote:
Why they huge increase? Is it Obama?
Frankly, yes! But in defense of the direct program, it has some benefits as well. Income based repayment plans, loan forgiveness for 10 yrs public service, 26 months (I think) defferment time per loan (available whenever the borrower wants to use it), a consolidated payment, etc...
Otherwise, you are correct. The rate was much lower when loans were available via private, as opposed to the new Direct program. Why? No clue.
FWIW, I essentially have two mortgages. One at 3.25%, and the other at 6.25%. Wanna take a guess which is which?
This post was edited on 11/20/12 at 10:46 am
Posted on 11/20/12 at 3:10 pm to nikki6
quote:
My student loan debt, which was taken out pre-2004, was at a ridiculously low rate of something like 1.3%. It was basically free money as far as I was concerned with a rate that low.
The loans I took out for undergrad from 2003 to 2007 were pretty low, but I want to say they started to rise around 2006 or so to their current rate for the Staffords.
Grad Plus loans are up to as much as 8% now.
I swear being born in 1985 has been the worst thing to happen to me.
I've missed out on the biggest rise in the market ever (80s through 90s), missing out on fricking people up in real estate before the crash, etc. Everything seems like a quagmire now. BummerThis post was edited on 11/20/12 at 3:13 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News