<p>Compare</a> Student Loans and Loan Consolidation - Apply Online, Compare Rates - SimpleTuition</p>
<p>I know alot of people are always looking for student loans without a cosigner that will give them the best rates. Well the site above, compares the loans and interest rates for all banks for private and govt loans.</p>
<p>it's a very good site. thanks ixjunitxi!!</p>
<p>Wow. Are they serious? I entered that I wanted 60k loan. They are telling me that I have to pay back 121k (lowest)?!?!?!!? That's double of what I loaned out. I guess it really sucks how the interests start to build up right now.</p>
<p>yes, anything you borrow now and won't start to pay back for 4 years will end up costing you ~ 2x the loan amount. </p>
<p>Not a good thing!!!</p>
<p>These loans should be a last option and preferably only used for the last year of school so the accrued interest only builds up for a year.</p>
<p>This is an important thread. Anyone have any more info on loan companies likely to extend private school loans to students with no co-signers?
Which are the best: Citi, Chase, Wachovia, My Rich Uncle? Anyone know? Have an experience with?</p>
<p>Simple Tuition may be a good search engine, but it does have certain lenders that pay to advertise on the site and to get listed first in searches.</p>
<p>Two great lists of private loan lenders:
FinAid</a> | Student Loans | Education Lenders
FinAid</a> | Student Loans | Student Loan Comparison Sites</p>
<p>Article on Simple Tuition:
'Consumer</a> Reports' for Student Loans :: Inside Higher Ed :: Higher Education's Source for News, Views and Jobs</p>
<p>Excerpt here:
"Other sites genuinely allow visitors to compare offers from different lenders. For now, they remain something of an experiment in the new frontier of loan evaluations — online tools attempting to find revenue models in selling rate comparisons. But how reliable are they? And, in seeking to attract customers wary of colleges’ and lenders’ perceived ties, do they raise their own conflicts of interest?</p>
<p>“We have yet to see the emergence of anything credible like a Consumer Reports-type entity with true independence, financial and otherwise, from any of the participants in the system, [to] dispense advice on behalf of borrowers,” said Barmak Nassirian, associate executive director at the American Association of Collegiate Registrars and Admissions Officers. “Schools were supposed to do that and they tainted themselves, or at least some of them tainted all of them.”</p>
<p>Still, some services are trying to position themselves to play the role of neutral arbiter. One of these Web sites, Simple Tuition, is supported by online advertising from lenders, which has led some observers to question the advice it offers to visitors.</p>
<p>Part of the problem, suggested Robert Shireman of the Project on Student Debt, “is that private loan comparison sites have to find a revenue stream, which means they have to provide some kind of benefit to the lenders who are willing to pay them. [Simple Tuition has] gotten better at trying to list lenders that don’t have agreements with them about paying them. Still, if you do a search on Simple Tuition, it is those partners, the ones who will pay a referral fee to Simple Tuition, that pop up on the search engine first.”</p>
<p>It boils down to necessity, and it’s a dilemma that even search engines such as Google have struggled with — whether, and how, to favor “sponsored links” and advertisers on pages purporting to offer unbiased results.</p>
<p>“It’s completely understandable that the comparison sites would do things that way, and the reason that some lenders don’t sign up for these sites ... is they feel like they’re giving away some percent of their profit margin to be on the site, and if they can find other ways of getting students to come their way, they don’t have to give away that percent or two, whatever arrangement that that comparison site has come up with,” Shireman said.</p>
<p>Kevin Walker, the co-founder and CEO of Simple Tuition, bristles when critics point to the advertising revenue model of his and other profit-driven comparison sites.</p>
<p>“People aren’t stupid. They understand from other things that they do on the Web that comparison shopping engines, whether it’s for travel or shopping for TVs or whatever, there may be a commercial element to it,” he said. “It’s clear to me that we’re giving the borrower much more information than they get anywhere else,” and otherwise “they’d be left to figuring this out on their own.”</p>
<p>Nor is it necessarily a conflict of interest, he said. “I’m no different than Inside Higher Ed, where by the way, we’ve paid for advertising in the past.”</p>
<p>Rags</p>