Private student loans?
Asked by 1108I have a co-signer for a private loan for school but their income is from a VA benefit each month. Does anyone know if this type of income would work and what would they have to show as proof of income? Also which student loan companies would you suggest?
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Answered by Student Loans
It seems like you have done a lot of research on private loans, but have you considered federal loans? Right now, the federal government offers a Perkins Loan for a 5% fixed interest rate, and a Stafford Loan at 6.8% fixed interest rate. Federal loans also offer incredible benefits. In order to be considered for Federal Student Loans, you must fill out your Free Application for Federal Student Aid (FAFSA) form and submit it. It is in your best interest to file this form as soon after January 1st of the year as you can since this is a first come first served type of deal. You will then receive an award package in the mail based on your Estimated Family Contribution amount and the cost of the school you decide to attend. Also, it sounds like you may be a dependent of a war veteran. Check with your state's higher education bureau to determine if there are special grants, loans, or waivers that would be available for you. For more information on Federal Student Loans and the application process please visit the source below. I hope this helped you out! Good luck!
It seems like you have done a lot of research on private loans, but have you considered federal loans? Right now, the federal government offers a Perkins Loan for a 5% fixed interest rate, and a Stafford Loan at 6.8% fixed interest rate. Federal loans also offer incredible benefits. In order to be considered for Federal Student Loans, you must fill out your Free Application for Federal Student Aid (FAFSA) form and submit it. It is in your best interest to file this form as soon after January 1st of the year as you can since this is a first come first served type of deal. You will then receive an award package in the mail based on your Estimated Family Contribution amount and the cost of the school you decide to attend. Also, it sounds like you may be a dependent of a war veteran. Check with your state's higher education bureau to determine if there are special grants, loans, or waivers that would be available for you. For more information on Federal Student Loans and the application process please visit the source below. I hope this helped you out! Good luck!
