PLUS loans vs Wells Fargo Student Loans

Biocellar
Fri, 03 May 2013 15:05:45 +0000

As a student you can look into Stafford Loans (govt) or the many private institutions. There are lots of choices but focus on interest rate, term, deferment policy, delinquency policies etc.
PLUS is the govt loan that your parents can take out. CC has a whole section on Forum area on Financial aid where you can search the pros and cons of the various loans. THE FA advisers at UM are a good resource too, they know a lot and will give you advice based on your personal situation. I frankly would NOT take advice from anyone on CC. this is a very personal decision that you will be obligated to for 10 or more years so it is important to get professional advice from your parents and/or their financial adviser, accountant or the school’s FA department. Good luck.