Based on your own experience and repayment options what is the best private student loan company to borrow from?
None! This summer, I couldn’t find one with interest rates under 7%. This was with a great credit score, too. My dad was fortunate enough to have extra retirement money.
I made the same thread senior year, with tons of helpful advice, check it out!
It’s best not to borrow from a private student loan company at all. Chances are, if you have to borrow private loans you are borrowing too much. The federal government allows students to borrow a total of around $27,000, and the average student probably shouldn’t be borrowing much more than that to go to college.
@Louie17, Your other threads indicate that you haven’t received enough aid for the fall semester. It’s a little late to be lining up financing. What school are you enrolled in? How big is the gap between the cost of attandance and your aid package?
Or when am I eligible for federal loan
I don’t know, have you tried calling or emailing the financial aid office at your school?
Did you ask Wells Fargo?
No, I’m just asking for any typical studen loan timetable
There isn’t a ‘typical’ timeline. Banks all process applications at their own pace.
How long does do student loans like from Wells Fargo take to to process money to the college after being approved?
Did your parent apply for the plus loan and get denied? If so. You would get $4000 additional direct loan.
You’ve started half a dozen similar threads. What have you done so far? What did the FA department tell you when you asked them? Have you asked them? Which loans have you applied for and what was the outcome?
Basically, question #5 on your previous thread http://talk.collegeconfidential.com/discussion/comment/19870577/#Comment_19870577
please Excuse my latest threads but I’m completed my FAFSA In February but forgot my selective service papers and finished them last week, how long will I wait until I received finacial aid?
What are my options for federal loan with parents that have bad credit? I need $6,000
Moderator’s Note
Op started 3 different threads on the same topic. all threads have been merged into this one thread.
So does anyone how long the process of apply for federal loans is and receiving the money?
What did you accept the federal student loan offerred?
What date did you complete the Master Promissory Note?
Direct sub. Loan and finished the MPN today
@Louie17
Call your college and ask THEM. Tell them ypu have completed the MPN for the Direct Loan.