Choosing a Private Loan?

LessTraveledBy
Thu, 21 Apr 2011 18:00:53 +0000

Hi, I’m in a bit of a predicament.

The college that I will be attending is not a Title IV institution. This means that I do not qualify for any Title IV educational loans (Stafford, Federal Direct, etc…) or grants (Pell, etc…). So, I have to find a private loan to cover my additional expenses. These include, but are not limited to: deposit, textbooks, and travel.

Should I go to a local bank or credit union and peruse my options? Are there larger lenders that offer a better deal?

All in all I’m rather confused as to how this process is supposed to work.

Thanks.