Applying for private loans?

[floridaslp]

Hello,

Does anyone have any experience applying for private loans from companies such as Sally Mae? I'm not anticipating that I will be offered enough by FAFSA to fund my graduate studies and I've been privileged as an undergraduate to not have to take out any private loans so this is all new to me. Any advice would be greatly appreciated ❤️ 

[hopefulfuturespeechie]

I had to take out a private loan and I would not do it again. The interest on it is honestly awful. My 14K loan is going to end up being a 30K loan. Totally sucks how expensive grad school is. 

[waffles19]

I took a huge Sallie Mae loan out for my post bacc year and got a very low interest rate because my parents co-signed (with the promise I’d be the one paying them all back obviously). I totally suggest asking a parent to do so if it’s at all possible. 

[hiimkhanh]

doesn't the grad plus loan cover all tuition and living expenses? or is there a limit?