A few days ago
Schatzi

private student loan?

i already have financial aid and federal student loan from sallie mae. they give me total $3,500 for this fall 07 and spring 08. but i need more money to pay my car. can i use student loan for that? where can i get private student loan? do they track where the money goes? will it affect my financial aid and federal loan for next year?

Top 4 Answers
A few days ago
Anonymous

Favorite Answer

disabled,

First I recommend in not going to Gregory’s website. His site is filled with google ads, meaning that if you click on one, he gets paid for that click. (cough…cough, opportunistic jerk, cough cough)

Now in answering your question, YES you can use student loans to pay off your car. Hence, essentially you can do anything with your loan. Although the loan originators would like you to use it on your school, but paying for your car that you use to get to school is related to “School” somewhat. 🙂

There are a lot of instutions that you can use to get private student loans. There is Bank of America, Citibank, THE and many many others. You may want to check with your undergrad on which one they have worked with the most. This is because they can streamline the process and you can start receiving your loans in the proper time.

Taking out a loan in 1 year, will not effect your loan next year, unless of course you went crazy and start overborrowing.

Hope this helps!

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A few days ago
Anonymous
For a private student loan you could try Chase Student Loans, http://www.usadegrees.com/chase/… its a division of Chase Bank and Student Loan Advisors, http://www.studentloanadvisors.com you typically get a call back the within 30 minutes between 9am and 9pm eastern time, get the money within 10 business days.

There is no cost to apply online, they do not track where the money goes, it is expected you will use the money for living expenses. Things like a car, computer, rent, the stuff federal money doesn’t cover.

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A few days ago
Anonymous
where can i get private student loan? HERE I found interesting information about your answer, college loans, scholarships, college grants & partime works here. http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.html Good luck!
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A few days ago
Anonymous
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