<p>I want to apply for student loans. Where can I find more information. When do we pay back? If we pay back after graduation, I don't mind the rates are higher. Thanks.</p>
<p>Why do you want to apply for student loans with higher rates? Your parents can do a Federal Plus Loans, rates are 7.9%.</p>
<p>You can try SallieMae.com</p>
<p>You would need a co-borrower to apply. Also, My nephew has that loan, the rates are high, 14+ %.</p>
<p>Go to Wells Fargo or Bank of America, they also offer student loans.</p>
<p>Student Loans, you can pay it back 6-9 months after you graduate from college. If you drop school, you have to pay immediately. Be careful with private loans, they charge you more for loan origination fees.</p>
<p>Did you not qualify for any federal loans at UCI? You can apply as independent, you will have more options. Just call financial aid office. They are very helpful and you don't have to wait longer on the phone. They are there to help you.</p>
<p>I was looking at William D. Ford Federal Direct Loans. The rates are like 7.9%. Does it mean that they charge interest right away but we just pay back after graduation?</p>
<p>We are the college Mom and Dad. We want our kid to take some responsibilities.</p>
<p>Sorry.... I have the same loan for my daughter. You will start repaying the loan next year 60 days after Spring quarter, so around May. The Federal Loan Plus and William Ford have the same rate 7.9. If you loan $10K, you will be paying about 100+ to 200 a month for 10 years. The following year, you will have new loans. By the time the kids graduate, you can consolidate the loans and have kids pay for it. Federal loans are always cheaper than Sallie Mae.</p>
<p>I was looking into private loans. My 2 nephews had them, they said stay away from it if I can because it is expensive.</p>
<p>My daughter qualified for a lot of scholarships for private schools. She chose UCI because of the selective Nursing Program. Now we have to take loans too but we advised her to pay the whatever is left on the parent loans when she graduates. She agreed.</p>
<p>If you qualified for Perkins loan, then your college kid will be paying for that. This has a lower rate and don't need to pay until 6-9 months after he/she graduates from college. The maximum in freshman year is $3500. I heard this increases every year, so the parent loan will decrease (assuming the tuition does not increase)</p>
<p>There are also forebearance loans sp? I am not sure what the rates are. These are loans where you do not pay at all until he/she graduates. Interest accrues and you have an option to pay whatever you want every month.</p>