I took out a student loan from studentloans.com. It says that the annual percentage rate is 11.152%…?
I’m wondering if that is good or bad. I need to take out more for this semester but am not sure if there is a better option. I am already taking money out from fafsa… but they don’t give me enough to even cover my tuition much less book and whatever else i may need. Please help, I dont want to make a bad decision.
That is a horrible rate. Please contact your school for other loan options. I know Capital one, Chase,College Foundation, Bank of America, and Wachoiva all offer student loans. I’ve heard Sallie Mae can be a pain, but I would expect a loan amount of less than 7%.
