Annie Said:

do student loan providers really check your employment history?

We Answered:

if you were giving someone thousands of dollars, wouldnt you check to see whether they were lying about whether they could pay it back? If you intentionally put down any false information on a loan application that would be criminal fraud. Better be careful!

Mathew Said:

What's the best private student loan provider out there?

We Answered:

Sallie Mae does have a pretty good student loan, but do keep in mind that you need to make the interest payments while you're in school. There is a fixed payment option that lets you just make $25/month payments on the interest, but if you won't be able to do that while you're in school, stay clear of that loan.

The other two big ones I work with the most are Wells Fargo and US Bank. Really, any one of the three lenders are pretty good to work with.

One exception though - depending on what your major is, there may be a loan that's better than others. For example, if you are going into health care, the Wells Fargo MedCAP loan is by far better than any of the ones I mentioned above. You may want to check with your school's financial aid office to find out if there are any loans like that for your program. Also, sometimes local credit unions have loans that are better than the major banks.

Byron Said:

What are the best providers for a private student loan?

We Answered:

NONE! If can help it do not make this an option! The interest rates are extremely high!

Tammy Said:

College students, parents with college age children: What do you think of Barry's ending student loan subsidy?

We Answered:

It's a good idea because it will save the taxpayers billions but still provide loans to college students.

Jason Said:

can I get a second student loan while in school?

We Answered:

Banks are very reluctant to give out loans to students these days, so they will probably stop at one loan based on your ability to earn in the future.

There are other ways to get loans which may be a little riskier, but if desperately need the money you can try this. Take an advance from the credit card, (the interest rate is very high), then negotiate with them to reduce the interest down to the minimum and then offer to pay by the month.

With all due consideration, you should weigh the needs of the loan and think carefully first about your ability to pay back.

Good luck.