I took a Stafford loan that covered my cost of attendance, but can I take another loan or will I get penalized
Favorite Answer
If you need a little more cash, see if you can get a Federal Subsidized loan besides the Stafford loan you have. Federal subidized loans will charge lower interest rates.
If you’re planning on getting a private loan you need to thing long and hard about it. Do you really need that extra cash? If so then go for it. Just make sure you shop around for the best deal. Private loans are the most expensive student loans and will cost you a lot of money in the long run.
Here are a few sites I’d recommend:
http://financialaid.com – offers federal and private loans
http://finfo.com – get up to four competing offers from banks with no obligation
Again, check with you financial aid office first. They might be able to steer you in the right direction.
Good luck!
http://www.creditloansonline.comYou post your profile on this webiste and then lenders come to you. I recommend trying
http://www.creditloansonline.com
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