Where is a good place online to get a student loan for college?

Private student loan...?

• Hi, I need money for my college tuition and for that matter, I will be taking a private student loan. But I don't really have any experience with companies that lend student loans. So what is the best place (in terms of low APR, interest rates, etc) to get a private student loan. How is the Wells Fargo Collegiate Loan? here is the link: https://www.wellsfargo.com/student/loans/ Also, what does this mean "No payments until after you leave school" on certain loans? Does it mean that the interest the principal will start to build up only after you graduate from school? Thank you for answesr. And please it would be great if you answered only if you had any experience of taking out a private student loan. Thank you.

• Answer:

  Private (or alternative education) loans require good/excellent credit. You may want to have a credit worthy co-signer lined up just in case. Terms vary by lender. Most of the payments begin 6 months after you leave school. You won't have to make any payments until 6 months after you leave school. What you really should pay attention to is the interest rate. The better your/your co-signers credit worthiness, the lower your rate should be. Like anything else in life, some people have good/bad experiences with places of business. It's almost like a crap shoot. I've banked with WF for about 20 years now and never had any trouble with them. Other people hate them. Good luck to you.