Private College Student Loan

i want to now that the intrest of education loan is start from issue loan or after completing education?

Public Comments

1. It starts from the moment the college recognizes the tuition revenue; i.e., when you start the term.
2. i am not sure what the interest rate is, it depends on your loan holder. i went through a company that i didnt have to pay anything until 6 months after i stopped going to school. i could even defer my payments for up to 4 years. i had 52000 in loans. i did the smart thing and enlisted in the army and made them pay it all.
3. ALWAYS read the fine print. It's usually a few months after you graduate... but read the fine print just in case it says otherwise. The interest can get pretty hefty
4. Mr. Tarun, the interest for a loan whether educational or others starts the moment you borrow the amount which is unlike your doubt.
5. Mr. Tarun, the interest for a educational loan starts the moment you borrow the amount which is depends on banks.for most banks it's 10%.
6. Hey there ! .. let me tell you one thing. Different instituted have different policies. If you have already taken a loan, then you should ask the company which has given you that loan. Incase you have not taken the loan yet and want to take a loan, i can suggest this company called Credila. My sister went to America last year and they really helped her out. http://www.credila.com/apply_for_loan2.html just to to this URL and fill out their form for free. They will then contact you and then you can ask them whatever you want. Please dont go by what other people are saying because they may be WRONG. Ask someone who is an expert in this field. Like the credila people.