what bank has the lowest student loan rate
Thursday, July 5th, 2007 Subscribe To Our Feed
If you are wondering what bank has the lowest student loan rate? The answer might surprise you. Most often getting a student loan from a bank is a bad idea. The reason I say this is because you should always try to geta loan first from the goverment. Loans like the Stanford loan allow an extremly low interest rate from 4.5 – 6% and if it is subsidized you do not pay any interest on it untill after you graduate. This can save you some big bucks. For financing options you should allways speak to the college you want to go to first. They will be able to tell you what kind of financing you can get and how you can apply for the Stanford student loans. So to sum it up What bank has the lowest student loan rate? The answer is the goverment.
Otheways to get a low student loan rate.
Many banks out there offer special programs with low student loan rates. You can always just call up a bank and ask about these special types of loans. More often then not the loan is through the goverment and you have to fill out a FAFSA aplication. Once again it is best to contact the school first and check with them.
Scholarships
An even better way to pay for college is through a scholarship. Most people do not get a free ride but you can get an extra 2k a semester knocked off if you look around. Ask your school rep about what types of schollarships you may qualify for. My wife is getting her DVM and gets 2k nocked off each semester. She does fill out several schollarship forms and normally gets 1-2 each semester. It is well worth the paper work.
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