<p>I have to take out ~4000 in loans for my first year. I have two options:
*Private loan from Wells Fargo ("Variable interest rates range from 2.93% APR (with discount) to 8.60% APR (without discount)
*Unsubsidized stafford loan (4.66% fixed according to gov website)</p>
<p>Which one is the best? </p>
<p>Stafford has better protections for you long term than private loans do. Here is a helpful comparison website:</p>
<p><a href=“https://studentaid.ed.gov/types/loans/federal-vs-private”>https://studentaid.ed.gov/types/loans/federal-vs-private</a> </p>
<p>I would go with the Stafford. Interest rates are low now, but probably will not stay there for the life of the loan, too.</p>
<p>Take the fixed rate unsubsidized loan, in my opinion.</p>
<p>
The banks may require a co-signer.
It may be your only option if you don’t have any co-signers.</p>