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Private loan for school?

Student loan for a private school ?

  • so here's the thing. im going to a private vocational college on summer, and i'm worried about applying for a loan. the school had just opened and they said they are currently not offering any financial assistance. does this mean that i can't apply for a loan?? i was thinking about getting sallie mae -- can i apply there?? or do you know any student loan that is better than sallie mae? thanks a lot =)

  • Answer:

    check out http://fafsa.ed.gov - they have lots of programs, and many other scholarships and loans require the FAFSA to be completed first.

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Yes, Sallie may offers private loans... at over twice the interest of federal loans and you have to pass a credit check or have a cosigner. However, if the school is brand new, you may not even be able to get a private loan to attend. it is not a good idea to go to a brand new school. As quickly as they opened their doors, they can close them. Besides, the whole point of "vocational" schools is they are suppose to be affordable in "trade" areas so a private vocational school is an oxymoron. If the school is still up and running in a few years and they have been approved to receive federal student aid. Then attend.

Found-1

definetly try sallie mae

jahshoowuh

I recommend Sallie Mae because they are the largest student loan company around. They are very reputable.

J'adore

Sorry to tell you, but lenders are pulling away from private loans to vocational schools, so private loans are out of the question more than likely.

John

Scholarship is a better way to get funds for college. Here are some best Scholarship programms and govt. grant assistance for you. You apply online also, http://college-scholarships1.blogspot.com/

Mike

If your school does not offer financial aid, it typically means that it does not have accreditation.........you want to RUN far away from this. Do not spend the time, money, and effort attending a 'school' that really is not valid in the eyes of the world. No accreditation, or only national accreditation is just as good as not existing........it will be like you never attended school before.

beut_els_guese

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