Has anyone gotten an Astrive Student Loan? What are the pros and cons of such?
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I applied for student loans and I wonder if this is a good way to go. Any information would be very confident that they are welcome.
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Tags: anyone, Astrive, Cons, gotten, Loan, Pros, Student, such
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on Sunday, February 7th, 2010 at 11:52 am and is filed under Astrive Student Loans.
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February 7th, 2010 at 12:18 pm
I would avoid private student loans. They will require you to have a cosigner and charge you MUCH more interest that the federal loans (from 5% or 6.8%). Also some federal loans waive the interest while you are inrolled in college. (called subsidized)
Also be wary of variable interst rates and high origination fees. Don’t do a private loan. Find another way… ever heard those stories of kids graduating with 120K debt and are now qualified to be a kindergarden teacher? They did this by borrowing with private student loans.