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It all depends on who and how you get this loan. If you get the private loan through you parents and they don't charge you an interest rate, of course it's cheaper. If it's from a private lender, it's about the same but that depends on your credit rate. Most private lenders offer between 6%-12%. Banks offer those rates too if you have decent credit.
What else can I help you with?
Is a private student loan more expensive than a federally funded loan?
Federal loans are cheaper and have fixed interest rates. meaning that the rate will never change. However private student loans have variable interest rates which means that they can change. Private student loans has interest rate of about 12% (double that of a federal loan)
Are private student loans more financially advantageous than student loans through the government?
Student loans through the government are better than private loans due to the fact that the government does not have as high of interest on the loans, and you get a longer time to pay them back.
What is one reason why private loans are less than federal loans?
higher interset rates
Does Citi Assist provide loans to people other than students?
CitiAssist does not provide anything but loans for students. There are federal and private loans available. The federal loans are guaranteed by the government while the private loans require a credit check.
What is one reason why private loans are less favorable than federal loans?
higher interset rates
Privately owned comapnies generally offer better stufdent loans than the federal government?
In the USA, all Federally Guaranteed student loans have the same interest rate and same benefits. It does not matter if you get the loans from a private bank or directly from the government. Private student loans differ in interest rate and benefits for each bank. Federal Student loans have lower interest rates and better benefits than private student loans.
How does a generic brand differ from a private brand?
generic brands are more cheaper than private brands
Why is hydroelectricity better than normal electricity?
hydro electricity is better than normal electricity because it is cheaper.
What are the benefits of Aussie home loans over other companies?
It's more preferable to have aussie home loans than compared to other loans because they are given priority in approval than the normal pr regular loans.
Is socialized healthcare cheaper than private?
socialized healthcare is much cheaper than private. this is simple math due to the fact that Medicare's overheads are about three percent and insurance co's start with a double digit profit. medicare is socialized healthcare.
How can financial aid help tuition?
Student loans might be cheaper than traditional loans and some do not require payment until you begin working in your career starts earning a wage.
What bank in South Carolina offers the best rates on high risk loans?
CapitalOne offers loans to high risks individuals. The interest rates are higher than normal loans.
