NIGHTS OF BAGHDAD Posted August 11, 2009 Share Posted August 11, 2009 my brother is going to uic for medical field and we need to apply for student loan in the amount of $60,000..i have been looking around but i cant find any sites that look promising..i know there are alot of students here and i was hoping some of you can point me in the right direction to a website that i can apply for a student loan..id like to stay away from fannie may they charge 9% interest rate.. Link to comment Share on other sites More sharing options...
ColibriDon Posted August 11, 2009 Share Posted August 11, 2009 Well, I know there's the Stafford loan. It's like 2,550 a semester. That loan is put out through the institution, itself. Check out UIC's financial aid page and see if they have a direct link set up to some loans. Considering it's in the medical field, I'm sure finding a loan on that site wouldn't be difficult. hahah Link to comment Share on other sites More sharing options...
NIGHTS OF BAGHDAD Posted August 11, 2009 Author Share Posted August 11, 2009 QUOTE (ColibriDon @ Aug 11 2009, 07:57 AM) <{POST_SNAPBACK}>Well, I know there's the Stafford loan. It's like 2,550 a semester. That loan is put out through the institution, itself. Check out UIC's financial aid page and see if they have a direct link set up to some loans. Considering it's in the medical field, I'm sure finding a loan on that site wouldn't be difficult. hahahthanx for the advice, we had applied to uic and they said we were too late but we just got a call saying they made a mistake with the dates so all is well..lol Link to comment Share on other sites More sharing options...
Tyler Posted August 11, 2009 Share Posted August 11, 2009 FAFSA, then apply for the Parent PLUS loan through the school's preferred lender. It will cover 100% of undergraduate studies. If he's a grad student, he'll most likely qualify for a Pell grant and loans to cover his necessary expenses. Link to comment Share on other sites More sharing options...
McLovin600 Posted August 11, 2009 Share Posted August 11, 2009 hope ur bro likes to read ALOT. that program is freakin hard some of my smartest friends dropped out. you would think its no good because its in the ghetto but it is way underrated Link to comment Share on other sites More sharing options...
delSol_si Posted August 11, 2009 Share Posted August 11, 2009 https://www.dl.ed.gov/borrower/BorrowerWelcomePage.jspThats the site I got my loan through 5 years ago. My interest rate is like 4-5% but, I am in a deferment period since I went back to school, and its a subsidized loan so I don't have to pay any interest while I am in school either Can't guarantee what kind of a loan or what terms you will get though. Link to comment Share on other sites More sharing options...
gordonee Posted August 13, 2009 Share Posted August 13, 2009 QUOTE (NIGHTS OF BAGHDAD @ Aug 11 2009, 01:56 AM) <{POST_SNAPBACK}>my brother is going to uic for medical field and we need to apply for student loan in the amount of $60,000..i have been looking around but i cant find any sites that look promising..i know there are alot of students here and i was hoping some of you can point me in the right direction to a website that i can apply for a student loan..id like to stay away from fannie may they charge 9% interest rate..What are the usual payback terms on loans like this? Like after you have started working you have to pay a certain percentage of your income or you have a deadline as to when you have to pay it all back? Or can it be after a few years of working. Depends on the institution that gives you the loan I guess? I hate being in debt but who doesn't Link to comment Share on other sites More sharing options...
Svaals Posted August 13, 2009 Share Posted August 13, 2009 (edited) Stafford and Perkins loans (Federal loans you may be offered for filing FAFSA) have deferred payment. I think that payments are required 6 months after you are no longer enrolled in school. If it's not 6 months, it's some period of time like that.Subsidized Stafford loans don't accumulate interest until after your payments are required, unsubsidized federal loans build interest while you're in school. You need to be enrolled at a school in order to have these offers. They are federal loans, but the amount you are offered depends on a cost estimate that is sent to the government by the institution. Edited August 13, 2009 by Svaals Link to comment Share on other sites More sharing options...
NIGHTS OF BAGHDAD Posted August 13, 2009 Author Share Posted August 13, 2009 QUOTE (gordonee @ Aug 13 2009, 06:54 AM) <{POST_SNAPBACK}>QUOTE (NIGHTS OF BAGHDAD @ Aug 11 2009, 01:56 AM) <{POST_SNAPBACK}>my brother is going to uic for medical field and we need to apply for student loan in the amount of $60,000..i have been looking around but i cant find any sites that look promising..i know there are alot of students here and i was hoping some of you can point me in the right direction to a website that i can apply for a student loan..id like to stay away from fannie may they charge 9% interest rate..What are the usual payback terms on loans like this? Like after you have started working you have to pay a certain percentage of your income or you have a deadline as to when you have to pay it all back? Or can it be after a few years of working. Depends on the institution that gives you the loan I guess? I hate being in debt but who doesn't i didnt get the full info, but from what i heard was its a loan they dont have to start paying until hes done with college but has the option to pay the interest only to keep it from building up and thats the one my parents went with..it was that or pay it all at once or start paying 45 days after the loan is granted Link to comment Share on other sites More sharing options...
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