hello! i need to take out a private loan to fund my ABSN program and i’m not even sure where to start. my schools financial office is not as available to help as id like, so im coming here. where do you find loans? can you compare final prices? this is all new to me and it’s so stressful!
how does someone even take out a private student loan?
byu/fancypanda820 inStudentLoans
Posted by fancypanda820
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There are lots of options. Sallie Mae is the largest private student loan lender. SoFi is another large lender. Many banks and credit unions will offer smaller student loans as well. The easiest thing to do is shop around, but pay attention to the terms of the loan. There aren’t very many safeguards like federal loans have. Watch out for how long you have until repayment starts, what the interest rate is, whether the interest rate is fixed or variable, whether or not you need a cosigner, and what the length of repayment will be.