<p>My son has enrolled in an OOS public university where he is not getting much FA in subsidized loans. Do we have to start looking for private loans right now or do universities have preferred private lenders?</p>
<p>I would like to know too.</p>
<p>They have preferred lender lists, but do some research. Despite all the controversy and court orders attendant to Cuomo's investigations there still are schools which are placing lenders on preferred lists for reasons other than better service or rates for students.
It's difficult to say this, as I currently work in academia...but anything a college tells you which involves money its better to check with other sources.
It is sad that academia has fallen so, but that's the nature of the current situation. In short because of the immoral deals of a few schools academia can no longer be trusted in matters of these kinds. In the recent decades before the deals became public many did unreservedly trust schools and are still paying a undue toll.<br>
One way to watch out is read a bit into what an ethical FA officer in such a place might say, if they are in a school which has a less than appropriate preferred lender list they cannot speak directly but will make leading statements.</p>
<p>Thanks, Atana for your reply. So the crux would be I should start shopping for loans now?</p>
<p>Probably that way you'd not be pressured to act on some loan company because the start of class is looming...
If you could do so however, wait. The whole educational financing issue is going to be something candidates nor the newly elected, or reelected will be allowed to leave as is. Could be some major changes over the next 2 years...</p>
<p>That's assuming of course we've not been reduced to selling apples, pencils and singing show tunes from "Golddiggers of 1933". </p>
<p>If that comes to be might be better off shopping for copies of "We're in the Money"...</p>