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Government guaranteed student loans are not predicated on one's credit; private student loans are. The interest rate is based on the credit worthiness of the borrower. If the borrower has sterling credit, he/she will be eligible for the banks lowest rate; applicants with slightly flawed credit will pay more. Applicants with poor credit won't be able to borrow on the program. There are many "private student loan" programs offered by major lenders. The lender determines its rates and lending policies.
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What is the statute of limitations on private student loans in Florida?
what is the statute of limitation on private student loans in florida
Can private student loans be consolidated with federal student loans?
Sometimes private student loans can be consolidated depending on certain factors including the rules of your lender, whether you are in deferrment or default and your credit score. You cannot however, consolidate federal student loans and private student loans together.
What are private student loans?
The private student loans are the loans arranged by the student through any of the private banks at a fixed interest rate. To apply to these private student loans you need a cosigner unless your credit rating is too good and you have a source of income.
What are student loans?
The private student loans are the loans arranged by the student through any of the private banks at a fixed interest rate. To apply to these private student loans you need a cosigner unless your credit rating is too good and you have a source of income.
Can you consolidate Private student loans into federal student loans?
no. you will have to consolidate separately. with a federal lender then a private lender.
Are there sites to explain private student loans?
There are many sited that will explain private student loans. Some are www.salliemae.com and www.suntruststudentloans.com.
What is the difference between private stafford and plus student loans?
What is the difference between private stafford and plus student loans?
where can I get a private student loan?
Private student loans are credit-based, non-federal student loans that can help you cover any school expenses you have remaining when scholarships, grants, and federal student loans arenat enough.
Are all student loans issued by the Federal Government?
No..there are also private student loans.
Are all student loans federal loans?
No, private lending institutions (such as banks) also give out student loans.
Will an auto repossession have an effect on your ability to get non-private student loans?
Student loans through FAFSA is not credit based so no it will not. Private student loans is a diffrent story, which is based on credit.
Which lenders offer private student loans?
When looking for student loans many students choose private loans with Chase and FinAid or a local business. This varies from student to student based on personal scholarships, credit, financial aid, etc.
