<p>Hi, I was wondering if someone could help me figure out which type of private student loan to get (fafsa maxed out) My mom passed away and my dad kicked me out so I don't know have much help.</p>
<p>U.S. Bank Fixed Rate Student Loan says "Your interest rate will be 7.99% After the rate is set, your rate will be fixed. Total Paid includes $3,729 interest paid in Interim and $18,893 in Repayment Periods."</p>
<p>And U.S. Bank No Fee Student Loan says "Your starting interest rate will be between 3.45%and10.95% After the starting rate is set, your rate will then vary with the market.Total Paid includes $4,650 interest paid in Interim and $20,403 in Repayment Periods"</p>
<p>Also where is the best/cheapest place to get a private student loan?</p>
<p>Subsidized Stafford loans are the single best source of money you can borrow.
The interest is picked up by taxpayers while you’re in school. </p>
<p>Once you exhaust your subsidized Stafford stockpile, you want to move on to unsubsidized Stafford loans. </p>
<p>As a third option, parents can take out PLUS loans.</p>
<p>One category of loans to avoid is private student loans.</p>
<p>Finally, remember the consumer champ’s rule of thumb when it comes to determining what level of borrowing you can comfortably handle: Do not take on loans that exceed the likely first-year earnings in your field.</p>
<p>For fall/spring 2012 Subsidized Direct Loan I’m getting is $3,500. Unsubsidized Direct Loan is $2,000. I am going down to the financial aid office to talk to thembut do you think I’d be able to get more? As for the plus loan, my father has horrible credit. I’m a freshman and have never gotten any loans before this if that helps.</p>
<p>what about a federal perkins loan?</p>
<p>Generally, Perkins loans are for families who are poor. Search for “student aid on the web” in an internet search engine to get to a federal site with lots of answers to your questions.</p>
<p>You need to look at more affordable schools.</p>
<p>How much are you borrowing this year?</p>
<p>Perkins loans are only offered at 1700 schools. The most they will cover is $4,000.</p>