Student loan interest rates? Help!?
I’m currently comparing private student loans for this year of college. I’m going to need ,000 for the whole year.
I was reading on a site that was talking about libor and prime rates. What do these mean? I read that libor +2% and prime – .50% are the best rates you could probably get with a private loan (comparable to a federal loan), if you have excellent enough credit. I also know that loans with no fees are excellent.
These are the loans I found that have no fees:
US Bank = Prime + 1.95%
Chase = 3 months Libor +3.65%
Learn = Prime +1.0%
Which of these loans are best? My parents will be cosigning and have a decent credit score.
All of this student loan stuff is very overwhelming to me. If you could help me know it better, that would be fantastic.
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Tags: chase, Credit Score, federal loan, libor, parents, prime rates, private loan, private student loans, student loan, us bank
collegefinder.imess.net – try this site. It has info about different US student loans and scholarships.
I am Wilfred Parker from Chicago in US,I saw your question on how you need a loan i will refer to Mr Williams Bright who gave me loan of $50,000 eight months ago with interest rate of 4% and monthly repayment,he can help you but you most be willing to pay back as at when due and tell him i refer you to him here is the email corporatefinanceloan@yahoo.com check it out