<p>so i was wondering.. when neu gives you stafford loans do you still have to go to the bank to apply or does it directly go to school? and even if neu doesnt give you like PLUS loans can you still apply for them? your answers are much appreciated.</p>
<p>I’m pretty sure all you have to do is comoplete the entrance loan interview thing on myNEU. You might be able to applly for PLUS loans even if you didn’t have them given to you by NU (my mom just tried to apply for another one for me but couldn’t because I already get the max from the Stafford loans NU gives me). </p>
<p>Definitely wait for someone else to confirm this or correct me!</p>
<p>No no no no no, you need to fill out your loan acceptance form! It’s like a contract sort of. I forgot the name of it (since my parents deal with all that for me), although I think it starts with a M… Call the financial office and they will explain the process to you. But just because it shows up that you got them doesn’t mean you’ll just have it credited to your tuition and when you graduate you’ll get a bill. It’s way more complicated than that.</p>
<p>You do have to do the ‘loan entrance interview’ thing, but its just a stupid computer application with a few questions on myneu.</p>
<p>Also, NU doesn’t give you stafford loans. Stafford are federal loans, so they go through a federal loan lender (like Sallie Mae). I believe they just passed a bill though that loans go directly from the federal government now, so you might not have to go through sallie mae-types anymore…</p>
<p>ok i did the MPN thing for federal loans so the stafford loans should be credited to my tuition bill… it says pending and i think i’ll have to apply for PLUS parent loans… i was wondering which private lender is the best… i applied to citi and they gave me a 10.876% which is really bad :(</p>
<p>Thank you so much for correcting me! neuchimie is completely correct. I just remember that I didn’t have to go to a bank or anything to do it.</p>
<p>I’ve been applying for loans lately and given what I’ve seen unfortunately, I don’t think 10-11% is really bad. Ugh I hate thinking about how $10,000 loans end up costing $25,000+!</p>
<p>Aren’t PLUS loans federal too? Or do you mean that you’re going to do PLUS loans and a private one?</p>
<p>Also, we do have a tuition payment plan option. So if you’re only 5k under or something and your parents (or you) can afford the 500ish a month, then it’s better to do a 10 month payment plan than take out a 5000 loan that builds interest for five years.</p>
<p>yea but i didnt receive PLUS loans in my financial aid so i’m going to get my mom to apply for it… if it doesnt get approved then i guess i have to go with citibank =\ im short about 15k</p>