Im looking for a student loan. I've applied for a Sallie Mae loan and it showed around an 8% interest rate with my co-signer but I cancelled the application so we could go over it on call before locking anything in. The very next day we tried again with the same exact info but now Sallie Mae isn't showing us anything below a 13% interest rate. does anyone know why this might be? could anyone suggest a different loan to apply for? also I've already exhausted my federal loans for the year. I don't want any advice about not getting private loans. I know they're not optimal but I don't have any other option so these kind of comments aren't helpful.
Need advice on choosing a student loan
byu/buvin456 inStudentLoans
Posted by buvin456
2 Comments
I wouldn’t advise anyone to get anymore loans. Work hard and pay the tuition bill if you must stay in college. It’s more headache than it’s worth really.
Private student loans are predatory.
Sallie Mae has a terrible reputation.
If you must get a private loan shop around at the lower fixed interest rate.