Hey everyone š
College is very expensive so Iām looking at a trade school. Tuition is $11,800 for the whole program. I was wondering if Sallie Mae is a good lender? They partnered with the school. Otherwise I have no idea what trade loans there are out there. Iām 19 with a 717 credit score. Iām not sure about co-signing because my family is in massive debt. What are the chances of my approval on my own? What lenders do you prefer? Kinda new to this so please be kind š
Loan recommendations for trade school?
byu/outdoorsyemma inStudentLoans
Posted by outdoorsyemma
2 Comments
Check if you qualify for federal aid first – trade schools usually eligible for Pell grants and federal loans which have way better terms than private lenders like Sallie Mae.
No one can answer this for you. The best lender is the one that gives you the best rate. Shop around using an aggregator like Credible or [studentchoice.org](http://studentchoice.org) (credit unions).
That said, if the school doesn’t accept federal aid that is a red flag. Even private lenders tend to only work with FAFSA-eligible schools. You may want to talk to the school’s financial aid to see if they have lenders they regularly work with.