Are there private student loans available to consolidate 30,000 dollars in high interest debt?
Asked by JOHNI have CC and car payment liabilities totaling nearly 30 grand. I would like to consolidate this debt into a low interest loan. I am a community college student with a 4.0 GPA and plan to obtain at least a bachelor's degree. My credit score is likely too low but I can possibly obtain a co-signer. Are there such loans that don't need to paid until after graduation? Who has the best interest rate?? so much for hoping for expert advice - these first four answers suck and show either an agenda in the answerer or just plain stupidity. Don't bother answering my question unless you know something about the subject and can direct me where to go to make it happen. thanks. nobody knows what they are talking about, it's all cut and paste b.s. or somebody trying to get more points on this site. ultimately, the interest rate will be as good as the credit score of my co-signer is, and the "student" part of my loan appears to be a non-factor, as the money isn't for fees, books or living costs.
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Answered by mefuture
Private Student Loans As a good rule of thumb, students should only apply for private student loans if they have exhausted all other Federal Student Loan options. Private Student Loans are credit risk based. Therefore, they will usually come with a higher interest rate than Federal Student Loans. As well, Private Student Loan lenders may charge higher fees for the issuance of the loan. A loan with a low interest rate but high fees can cost more than a loan with a somewhat higher interest rate and no fees. Students should also be weary of Private Student Loans will extremely low interest rates. These rates are usually teaser rates that will increase once the student graduates. Freedom Student Loans: Helps borrowers consolidate student loans into one single payment. Freedom Student Loans can also cut the total monthly payments in half and lock in a low interest rate. There are no application fees or credit checks required. Give them a call anytime to get a free evaluation of your options at: 1-866-902-9641
Private Student Loans As a good rule of thumb, students should only apply for private student loans if they have exhausted all other Federal Student Loan options. Private Student Loans are credit risk based. Therefore, they will usually come with a higher interest rate than Federal Student Loans. As well, Private Student Loan lenders may charge higher fees for the issuance of the loan. A loan with a low interest rate but high fees can cost more than a loan with a somewhat higher interest rate and no fees. Students should also be weary of Private Student Loans will extremely low interest rates. These rates are usually teaser rates that will increase once the student graduates. Freedom Student Loans: Helps borrowers consolidate student loans into one single payment. Freedom Student Loans can also cut the total monthly payments in half and lock in a low interest rate. There are no application fees or credit checks required. Give them a call anytime to get a free evaluation of your options at: 1-866-902-9641
