What’s the best Private Student Loan for a reaaaally low income home?
I’ll be a freshman this fall at a private 4 year engineering university. And my family is pretty much poor. Keep in mind I’m pretty sure I qualify for USAA
Private loans are evil and should be avoided at all costs. If you can’t afford a school without resorting to the evil, sub-prime, private student loans than you can’t afford a school. And any school which requires its students to take out a loan in order to afford it is not a very good school.
Your interest rates will be double that of federal loans, you’ll need a really good co signer with a high and stable income and if you were to die or become disabled your cosgner will be required to pay off your loan anyway. Would you want to pay of a loan for someone who died? That is horrible!!!
