Student Loans?
Anybody use Atstrive? Do you really not have to pay until after you graduate or is there a catch? Is a student loan a good option?
Most student loans allow you to pay after you graduate, but remember, most of them charge you interest while you’re in school. Some of the private lenders charge a fee for not paying while in school – so make sure you read the fine print.
Before you apply for a private student loan, make sure you get federal student loans first – they generally have the lowest interest rates and most generous repayment terms. You must start by filling out the FAFSA (fafsa.ed.gov). If federal aid doesn’t cover all the cost, only then should you get a private student loan. Private loans are not guaranteed by the government so the lender takes a greater risk by lending the money. Because of this, most of them are credit based, meaning you qualify based on your credit rating. If yours isn’t good, having a cosigner with good credit can help. The better your credit is, the better interest rate they’ll offer you.
Best to stick with a large, reputable lender who has a lot of experience with student loans. Good luck!
