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  LiveWire / College Forums / Financial Aid, Scholarships & Internships / Adding Reply

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Topic Student Loans?
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Original Post
jc71corvette Posted at 6:02 pm on June 22, 2007
Ok last year I managed to pay monthly payments for my 2 yr college. Well I want to return but I plan on using a loan this time. I read that private loans are like way better than fed loans because of intrest rates.
I keep geting stuff from Chase in the mail. Any of you using this company?
YOu dont pay untill you leave/graduate college?
Like can I take out all the money i need for my 2 yrs or is it one loan=one year?

Replies
AmyeMae Posted at 3:13 pm on June 24, 2007
stafford. I've never heard of the ford loan
jc71corvette Posted at 12:02 am on June 24, 2007
huh
jc71corvette Posted at 8:28 pm on June 22, 2007
or the Stafford
jc71corvette Posted at 7:57 pm on June 22, 2007
Is it the Ford Loan?
AmyeMae Posted at 6:11 pm on June 22, 2007
i think that the interest on a government loan is much lower than a private one. the one i have from the government, it's about 4.5%, and i don't have to pay back until after i graduate. then my dad borrowed money from one of his accounts (private) and the interest rate is over 9%.
Aerorobyn Posted at 6:04 pm on June 22, 2007
Go with a federal subsidized loan, if you can.

On those, the government pays the interest while you're still enrolled full-time in school.

paris in flames Posted at 6:03 pm on June 22, 2007
sorata they pay it for you and you pay it back when you get out of college... pretty much that's it, you don't have to worry about college AND the loan.
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