Find solution
Getting a loan from Sallie Mae Good or Bad?

Is getting a Sallie Mae loan a good idea? please look?

  • I want to get a 15,000 loan to do my private pilot flight training, it has a variable interest rate but I plan to pay it off in about 5 yeras. Is this a good idea with the economy the way it is. The variable interest rate is at 14%.

  • Answer:

    You aren't saying what your credit score is but if it is a GOOD score then 14% and not even fixed it means you are getting scammed. I don't care if it is Sallie Mae, this is a scam by definition. I got 8% and fixed here : http://personal-financial-help.solutionsarticles.com/

jm at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

14%? That's really high! When I got a Sallie Mae loan about 5 years ago it was less than 5% and fixed. That's part of what makes these good for students - lower interest rate. You can get some credit cards that are lower than 14%! Variable are never a good idea since you don't know where interest rates will go. I heard that student loans are going to be harder to get - good luck

San Jose

try it and see but i would shop around and see if you can get a lower interest rate

rennickelizabe

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.