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Personal loans should have a lower interest rate than student loans.?
Wiki User
∙ 12y ago
Personal loans should have a lower interest rate than student loans.
Wiki User
∙ 12y ago
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Know How to Spend Low Interest Student Loans?
Some students assume they can use their low interest student loans to buy anything and everything. The truth is there are strict guidelines over how a student can use his or her low interest student loans. A student should be sure that he or she is only spending the money on living expenses and school expenses.
What is the maximum interest rate for a student loan consolidation loan?
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
Where can one find the interest rates for student loans?
There are many places where one can find the interest rates for student loans. One can find the interest rates for student loans by visiting popular on the web sources such as Wells Fargo, ASA, and Discover Student Loans.
Where can one go for low interest personal loans in Halifax?
To find low interest personal loans in Halifax, one should visit the local banks of the area. For example, try Natwest, Nationwide or Santander and compare their loans.
How do you obtain another student loan to supplement your Stafford loan?
Consider obtaining a private loan, also known as an alternative student loan. According to http://www.onesimpleloan.com/private_loans.asp, "Compared to federal student loans, private student loans typically have slightly higher interest rates. However, the interest rates on private student loans are substantially lower than conventional credit products such as personal loans, credit cards and even home equity loans."
Know How to Spend Low Interest Student Loans?
Some students assume they can use their low interest student loans to buy anything and everything. The truth is there are strict guidelines over how a student can use his or her low interest student loans. A student should be sure that he or she is only spending the money on living expenses and school expenses.
What is the maximum interest rate for a student loan consolidation loan?
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
Where can one find the interest rates for student loans?
There are many places where one can find the interest rates for student loans. One can find the interest rates for student loans by visiting popular on the web sources such as Wells Fargo, ASA, and Discover Student Loans.
Where can one go for low interest personal loans in Halifax?
To find low interest personal loans in Halifax, one should visit the local banks of the area. For example, try Natwest, Nationwide or Santander and compare their loans.
How do you obtain another student loan to supplement your Stafford loan?
Consider obtaining a private loan, also known as an alternative student loan. According to http://www.onesimpleloan.com/private_loans.asp, "Compared to federal student loans, private student loans typically have slightly higher interest rates. However, the interest rates on private student loans are substantially lower than conventional credit products such as personal loans, credit cards and even home equity loans."
Can you tell me about private education loans vs. government education loans?
HUGE difference. Federally Guaranteed student loans have very low interest rates and many benefits attached. Private student loans have much higher interest rates and no benefits.
Student Personal Loans?
Before making student personal loans, absorb all other options. Apply for pell grants, work study programs, and federal student aid (FAFSA) - www.fafsa.ed.gov. Also look for private scholarships that are offered by your community or city's organizations. For student personal loans you normally will have to go to a private financial institution like a bank. These loans carry high interest rates, so if at all possible try to avoid them.
Pay Less with Subsidized Student Loans?
When taking out subsidized student loans, a student should not automatically assume he or she is getting free money. A student should research the interest rate on the loans and figure out what the payment schedule will be upon graduation. Knowing this information will help a student determine the type of career he or she may need.
How can you find more information about the student loans interest rate?
Information about the U.S. federal student loans interest rate can be found on the web. The best sites to seek this out are the government sites Student Aid and Direct Loans.
What are the average interest rates for student loans?
Most student loans are interest free when you are still attending college, then increase from there. It really depends on your credit score to what interest rates you qualify for.
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.
How do you use personal loans to save tax?
tax have exemption on the interest rates on personal loans.
