Loans/Funding

[CHOCCOCO]

Hi,

I wanted to ask how people are funding for grad school. I have a GA position however, I will be dependent on Loans. I am eligible for grad PLUS loan but interest rate is like 7%,which is high.

Is this what I would expect average rate to be if I look for private loans?

any suggestions for private loans? Aside from Sally Mae?

 

[AlwaysaFalcon]

I've heard discover can be quite good. I've also heard that you should check with your local bank or credit union to see if they have individual loans at lower rates. I personally got one private loan through Sallie Mae and then the other loans I had were graduate federal loans when I applied for FAFSA. 

[CHOCCOCO]

8 minutes ago, AlwaysaFalcon said:

I've heard discover can be quite good. I've also heard that you should check with your local bank or credit union to see if they have individual loans at lower rates. I personally got one private loan through Sallie Mae and then the other loans I had were graduate federal loans when I applied for FAFSA. 

I know very little about getting school loans. All I know is that my education will have a “nice” price. Thank you, I really appreciate your input! I wanted to check discovery. I don’t want my credit score to go down if discover looks at my credit.

[AlwaysaFalcon]

The Sallie Mae application was very easy. Probably took 5-10 minutes and was approved the next day. The also have options for you to pay during school on a payment plan or can wait until after school to pay it back.