Tuition and student loans?

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My tuition costs 30K a year. I have been looking at all sorts of different loans, private, and others. They all have interest rates of as high as 7% to almost 8%. Is this pretty high? And if so what are some good loans I could take out? My credit is fair, but not excellent.

Tuition and student loans?

Your best bet is to apply for financial aid. I attend a private university and half of my tuition each year is paid through grants (merit awards from the university) and government aid. You will most likely not find any loans with smaller interest rates. You might want to look in to ones that let you defer payment until after graduation. Once you finish school you can always consolidate which brings down the interest rate. I have Sallie Mae Tuition Answer loans. They send the money directly to you and then you pay the school.

Tuition and student loans?

You can apply for Stafford loans, or Direct student loans, which are guaranteed federal student loans, with quite low percentage rates. There are also campus based aid that is determined by your school, such as a Perkins loan. I t too has low interest rates on repayment. Interest rates are determined by your credit rating, on private, alterneative loans, and having a co-signer with good credit helps to lower that rate. Federal loans are simply needs based, determined by the cost of attendance at a particular school, and rates are fixed at 6.8% at this time, with standard repayment period of 10 years.

Tuition and student loans?

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