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What are the best kinds of student loans to get? I have 0 debt right now and just graduated from an undergrad institution. Now I am going to grad school that will take 2-3 years. I will have to get loans, but what kind of loans should I get?
By Chicklet Posted on 06/13/07 Total Answers 3
Answers-
Depending on your income, you may be approved for a government grant, or you could try Wachovia or Fannie Mae
Answer by : silasmamaof3 On Date 2007-06-13 13:03:01

This is a pretty standard question. Without spending too much time in a financial aid office, there is plenty you can do get the process started. Start by going to http://www.fafsa.ed.gov/ and filling out the online form for federal student aid. After finding out what you are eligible for in terms of subsidized stafford loans, you can figure out if that is enough to finance your tuition and expenses. In most cases, it isn't. If you find that you need more money then you are offered, you may want to try a private student loan. The best thing to do is compare the different private lenders out there, which can be done at http://www.finaid.org/loans/privatestudentloans.phtml Most of the rates are very similar but do a little research and pick one that you think is best. I would suggest Think Financial. The application process is very quick and easy, and the check is sent directly to you so you can use the money for whatever you want. The limits are much higher with private student loans, up to $40,000 per year. You can find out more information about a Think loan at http://www.thinkfinancial.com . Good Luck.
Answer by : Geo On Date 2007-06-13 13:29:48

Have you looked into assistantships and fellowships offered by the graduate school? Many programs offer tuition waivers and stipends in exchange for TAing, etc, but it depends on the school and the major of study. As far as loans go, the first place to look is federal loans. Fill out the FAFSA and see what you get offered. However, most federal aid is undergraduate only, but you should be able to get a loan.
Answer by : Jenn On Date 2007-06-13 14:27:10

The government Stafford loan program is definitely the best student loan option out there. It has low interest, low fees, and no repayment is required on the loan until after you graduate. You need to complete the FAFSA at http://www.fafsa.ed.gov to start the process. Make sure you also check on scholarship, GA and TA options with the aid office and your academic department.
Answer by : JRM On Date 2007-06-14 07:32:12

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