A few days ago
R3EBOK

Student Loan Full Deferment?

A little confused on how private loan interest works. I need a 22,000 dollars loan with an interest rate around %8. If i do full deferment will I get a bigger bill every month after grad? or is it better to do interest only payment while in school, so i can pay my interest off earlier?

Top 5 Answers
A few days ago
John
Since private loans work like an unsub stafford, the interest will accured while you are in school. As with the unsub, with you can pay the interest while in school in the long run you are better off. Ask each lender for details.

Also, since most private loans are either based on LIBOR or prime, you have to have REALLY great credit in order to stay close or near 8%. Good luck. If you have no credit, get a REALLY good cosigner.

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A few days ago
Anonymous
student loans? mormal is 5,5 or 7%

I found interesting information & options here. Good luck!

http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.html

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A few days ago
Anonymous
Hello; STAY AWAY from private internet lenders(HOODLUMS) wanting $ up front for there advanced fees.THEY ARE SCAM ARTISTS if they want $ up front for any loan.REPORT THESE HOODLUMS TO THE IC3 DIVISION OF FBI and to your states ATTY> GENERALS office.BEWARE OF THESE SCAM ARTISTS WANTING $ UP FRONT,REPORT THEM TO PROPER AUTHORITIES.
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5 years ago
Anonymous
Maybe so
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