<p>This is the situation. I am enrolling at Rutgers this fall. At first we were getting full financial aid. Some things happened and now we are only getting a thousand dollar grant and the rest is up to us. What is the best student loan with a low interest rate?</p>
<p>Find out if you qualify for the Stafford loans. There are two subsidize(government pays for the interest while you are in school) and unsubsidized (you are 100% responsible to pay the interest, you may choose to pay while in school or defer until you graduate). These two loans are by the government, therefore, you are able to apply without a co-signer. </p>
<p>Once you’ve done that, then you need to figure out the tuition balance and see your options. See if the school is able to provide you with a list of banks that they work with for the private loans. Your parents could also apply for the Parents Plus loans.</p>
<p>Just keep an eye on the interest rates and ask as many questions as possible. Try to get the information before you apply. If you use a co-signer, they will review their credit scores, so be wise in your decision.</p>
<p>Best of luck!</p>