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What student loan companies are the best?

The best private student loan companies?

  • Which of the private student loan companies is the best to borrow money from? One of my concerns is deferment or forbearance if unemployed or underemployed after I graduate, so which of the private loan companies have the best or longest time for this type of deferment? How is their customer service? Which has the best interest rate? Thank you!

  • Answer:

    TuitionBids.com it shows you the interest rate, amt of payments and number of payments you'll need to make

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Private student loan lenders are not required to defer your loans for any reason, while the government student loan programs have many deferment plans. If you haven't applied for those loans I would encourage you to complete the application on line at http://www.fafsa.ed.gov. If you still want to go the private student loan route you're going to have to do some legwork to find out who will give you the best deal. Fees, interest rates, deferments (if available) vary from lender to lender. You'll just need to start looking into what is available from the lenders and work with the one that offers the best deal. Check out http://www.finaid.org/loans/privatestudentloans.phtml for a list of some lenders.

JRM

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