Tuesday, August 17, 2010

PRIVATE Student Loan, all at once?

so i'm thinking of geting a private student loan, because my federal one isn't enough.





i'm just wondering, is the disbursement like federal loan's? where its a certain amount each term? or is it all at once?





or is there a option to choose how disbursement is handled?





does this differ from lender to lender? ( i would probably be going threw sallie mae)

PRIVATE Student Loan, all at once?
There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In most%26lt;!--instances the FAFSA is required for all federal financial aid including federal student loans. Deferment options are available while you are still attending school at least half-time. There are four main federal loan programs.





http://best-loans.awardspace.com/student...





Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan--%26gt;you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.
Reply:Sallie Mae disburses theirs each term. I know cuz that is who I had in college. I don't think with them there was a way of changing how its all disbursed. Have you tried getting scholarships, and other financial aid?
Reply:To answer your question about private student loans; no these loans are from lenders that allow you $45,000 in an academic year! I have applied to several but they go by your credit history. Since I do not have any established credit (I do not use credit cards) they have all denied me without a co-signer! %26amp; these loans do accrue interest but do not have to be repaid until six months after you graduate or drop out of college!





If anyone out there knows of a student loan that does not go by credit or accepts less than perfect credit, please let the rest of us in on the secret!
Reply:GREETINGS TO YOU IN THE NAME OF GOD ALMIGHTY,





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Reply:very intereting question.Suggest you have a look here for useful tips.http://studentloan.online-helpers.info/p...
Reply:A really good one is,


http://www.yuckz.com/studentloan





And so far it's not blocked at school or work =)


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