Anyone know of a private student loan that has fixed rate interest?
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I need to borrow about 17,000 this year. I also want to start paying the interest off right away. Is this a good idea?
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Answer:
The previous reply is incorrect. Private student loans are almost always a bad idea, unless you find the right one. Example: Pickett-Hatcher Educational Fund Loan, $5500.00 annual max, $22000.00 lifetime max, 2% in school, 6% out of school, credit based, requires cosigner, no fees. www.phef.org And yes, it's legit. I'm in their program. Stay away from the bank and finance company private student loans.
ChiChi at Yahoo! Answers Visit the source
Other answers
Private student loans are always a bad idea. They are sharks.
Found-1
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