Comments on: How do I get a school loan with bad credit and a somewhat creditworthy co signer? http://www.safedebthelp.com/blog/how-do-i-get-a-school-loan-with-bad-credit-and-a-somewhat-creditworthy-co-signer/ Wed, 08 Sep 2010 14:27:48 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Nessy http://www.safedebthelp.com/blog/how-do-i-get-a-school-loan-with-bad-credit-and-a-somewhat-creditworthy-co-signer/comment-page-1/#comment-2083 Nessy Wed, 05 Aug 2009 10:10:03 +0000 http://www.safedebthelp.com/blog/how-do-i-get-a-school-loan-with-bad-credit-and-a-somewhat-creditworthy-co-signer/#comment-2083 First of all you need to file a FAFSA application. It's free! Just go to and fill out the application. From there on, your school will receive this application and determine how much in student loans do you really need. They can help you find a loan that is best suitable for your needs. Here is some informations on loans that can help you out: An education loan is a form of financial aid that must be repaid, with interest. (Scholarships, on the other hand, do not have to be repaid.) Education loans come in three major categories: student loans (e.g., Stafford and Perkins loans) parent loans (e.g., PLUS loans) and private student loans (also called alternative student loans). A fourth type of education loan, the consolidation loan, allows the borrower to lump all of their loans into one loan for simplified payment. Federal law sets the maximum interest rates and fees that lenders may charge for federally-guaranteed loans. Nothing prevents a lender from charging lower fees. Many lenders offer a variety of student loan discounts to attract borrowers. --------------------------------------... Here are some amounts that you can get from loan lenders like Sallie Mae: Stafford Loan (government loan) Loan limits Dependent Annual loan limit Freshman $3,500* Sophomore $4,500* Junior or senior $5,500 Independent Annual loan limit Freshman $7,500* Sophomore $8,500* Junior or senior $10,500 Graduate or professional $20,500* Undergraduate dependent lifetime limit $23,000 Undergraduate independent lifetime limit $46,000 Graduate or professional lifetime limit** $138,500 Ask if you can get a subsidized loan. This means that while you are in school, the government can pay the interest until the loan is due (about 3-6 months after you have completed your degree) --------------------------------------... This is the Perkins loan: Loan limit You may borrow up to the full cost of your child's education less other aid received. Interest rate The interest rate for Parent PLUS loans first disbursed on or after July 1, 2006 is fixed at 8.5%. Fees There is a 3% origination fee charged by the federal government. Up to a 1% federal default fee is also charged. --------------------------------------... The best thing to do is to go the financial aid office @ your school and ask them for loans with the LOWEST interest rate. Hope this helps! First of all you need to file a FAFSA application. It’s free! Just go to and fill out the application. From there on, your school will receive this application and determine how much in student loans do you really need. They can help you find a loan that is best suitable for your needs. Here is some informations on loans that can help you out:

An education loan is a form of financial aid that must be repaid, with interest. (Scholarships, on the other hand, do not have to be repaid.)

Education loans come in three major categories:
student loans (e.g., Stafford and Perkins loans)
parent loans (e.g., PLUS loans)
and private student loans (also called alternative student loans).
A fourth type of education loan, the consolidation loan, allows the borrower to lump all of their loans into one loan for simplified payment.

Federal law sets the maximum interest rates and fees that lenders may charge for federally-guaranteed loans. Nothing prevents a lender from charging lower fees. Many lenders offer a variety of student loan discounts to attract borrowers.

————————————–…
Here are some amounts that you can get from loan lenders like Sallie Mae:

Stafford Loan (government loan)
Loan limits
Dependent Annual loan limit
Freshman $3,500*
Sophomore $4,500*
Junior or senior $5,500
Independent Annual loan limit
Freshman $7,500*
Sophomore $8,500*
Junior or senior $10,500
Graduate or professional $20,500*

Undergraduate dependent lifetime limit $23,000
Undergraduate independent lifetime limit $46,000
Graduate or professional lifetime limit** $138,500

Ask if you can get a subsidized loan. This means that while you are in school, the government can pay the interest until the loan is due (about 3-6 months after you have completed your degree)
————————————–…

This is the Perkins loan:

Loan limit
You may borrow up to the full cost of your child’s education less other aid received.

Interest rate
The interest rate for Parent PLUS loans first disbursed on or after July 1, 2006 is fixed at 8.5%.

Fees
There is a 3% origination fee charged by the federal government. Up to a 1% federal default fee is also charged.

————————————–…

The best thing to do is to go the financial aid office @ your school and ask them for loans with the LOWEST interest rate.

Hope this helps!

]]> By: W. K. P http://www.safedebthelp.com/blog/how-do-i-get-a-school-loan-with-bad-credit-and-a-somewhat-creditworthy-co-signer/comment-page-1/#comment-2082 W. K. P Wed, 05 Aug 2009 01:53:34 +0000 http://www.safedebthelp.com/blog/how-do-i-get-a-school-loan-with-bad-credit-and-a-somewhat-creditworthy-co-signer/#comment-2082 Put up collateral Put up collateral

]]> By: Amber http://www.safedebthelp.com/blog/how-do-i-get-a-school-loan-with-bad-credit-and-a-somewhat-creditworthy-co-signer/comment-page-1/#comment-2081 Amber Sun, 02 Aug 2009 07:44:27 +0000 http://www.safedebthelp.com/blog/how-do-i-get-a-school-loan-with-bad-credit-and-a-somewhat-creditworthy-co-signer/#comment-2081 FAFSA. --Federale studentenleningen. Zij controleren geen krediet en schuinen ontkennen u wegens uw krediet af. Ga naar de dinancial hulpafdeling van de universiteit uw het aanwezig zijn en breng administratie en een FAFSA voor ertoe om in te vullen. Of u kunt ik doenl]FAFSA.--Federal student loans. They dont check credit and cant deny u because of your credit. Go to the dinancial aid department of the college your attending and get paperwork and a FAFSA for to fill out. Or you can do it online] FAFSA. –Federale studentenleningen. Zij controleren geen krediet en schuinen ontkennen u wegens uw krediet af. Ga naar de dinancial hulpafdeling van de universiteit uw het aanwezig zijn en breng administratie en een FAFSA voor ertoe om in te vullen. Of u kunt ik doenl]FAFSA.–Federal student loans. They dont check credit and cant deny u because of your credit. Go to the dinancial aid department of the college your attending and get paperwork and a FAFSA for to fill out. Or you can do it online]

]]> By: hansblix222 http://www.safedebthelp.com/blog/how-do-i-get-a-school-loan-with-bad-credit-and-a-somewhat-creditworthy-co-signer/comment-page-1/#comment-2080 hansblix222 Wed, 29 Jul 2009 23:33:32 +0000 http://www.safedebthelp.com/blog/how-do-i-get-a-school-loan-with-bad-credit-and-a-somewhat-creditworthy-co-signer/#comment-2080 Krijg een Federale Lening van de Student. Die zijn gewaarborgd en uw krediet doesn' t kwestie. Krijg een Federale Lening van de Student. Die zijn gewaarborgd en uw krediet doesn' t kwestie.

]]> By: Eric http://www.safedebthelp.com/blog/how-do-i-get-a-school-loan-with-bad-credit-and-a-somewhat-creditworthy-co-signer/comment-page-1/#comment-2079 Eric Tue, 28 Jul 2009 16:00:41 +0000 http://www.safedebthelp.com/blog/how-do-i-get-a-school-loan-with-bad-credit-and-a-somewhat-creditworthy-co-signer/#comment-2079 change your name, get a new credit rating ;) change your name, get a new credit rating ;)

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