Private College Student Loan

Anyone know anything about the Sallie Mae student loan?

I never taken out a student before because this is my first year in college and yeah I really need money to pay for this class. lf I take a loan out from Sallie Mae when will I get the money and do I need to have a job in order to take out a loan?

Public Comments

1. I didn't have a job or any prospects when I got my Sallie Mae loan. You should find out from your financial aid counselor in a couple of days if you get approved. When it comes time to start paying it back, I would suggest paying more than the minimum if you can because the interest you will accrue will be more than the payments you are making. My first six months of were only $10 a month payments. They don't expect you to go right to work.
2. Before you do that I suggest you get a federal loan for the lower interest rates and repayment terms.
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