Are there student loans available that do not gain interest?
Female Dr. Manhatten asked:
I know about the stafford loans already, but I am asking about a loan concerning more money than that. Are there any reputable companies that offer loans with no interest while in college or something like that. Please Help!
I know about the stafford loans already, but I am asking about a loan concerning more money than that. Are there any reputable companies that offer loans with no interest while in college or something like that. Please Help!
Tags: Money, Reputable Companies, Stafford Loans
August 29th, 2009 at 3:28 am
FAFSA.
faster and easier to do it online.
whatever money you have left over from the loan at the end of the semester you get to keep.
you dont have to pay them back.
August 31st, 2009 at 2:44 am
You can apply for scholarships that are available in your area. check with your school to help you find them. Other than that you have to pay interest. Companies just don’t give money away without getting something in return. You feel me? good luck to you.
September 2nd, 2009 at 9:40 pm
The short answer is no. After the federal student loan programs, it would be rare to find of the many private educational loans, one that accrues no interest while you are enrolled. Students should be VERY wary of pursuing private educational loans because the interest rates are not as favorable as the federal programs. You also need to consider the total amount you will need to repay once you are no longer a student.
My recommendation would be to ask your financial aid office for assistance. There may be some institutional funds available you can be considered for. At the very least, they are the best source for advice of this nature. For some basic information on federal financial aid check out:
September 5th, 2009 at 12:03 pm
Nope. Banks who did that wouldn’t stay in business very long… it would be like you working for free.