I need to get a private student loan for a college what do I do?
I applied for financial aid and the school is giving me a total of $11,000 the tuition with the aid will cost $30,000 a yr. So therefore I need to take out a private loan. My parents are going to cosign with me. My father makes roughly $80,000 a year and has a credit score of around 740. What are the chances of getting approved for this loan? If so who are the best lenders to go with?
Public Comments
- Wells Fargo is about the only company now doing these evil, sub-prime, variable interest rate private student loans. Be sure your Dad is willing to cosign for you for all 4 years of school. I would hate to see you get to be a senior (when it's too late for you to transfer) and have him decide he can't cosign for you any longer, his debt-to-income ratio is too high or you do something to peeve him off and he just stops. Seen this many times before.
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