How Do I Go About Taking Out a Loan?

Updated on January 28, 2010
G.M. asks from Buford, GA
7 answers

i am finishing up grad school as a family nurse practitioner. i have not had to borrow money up until this last semester. i will not be able to work and do clinicals(3-4 days a week) so i will need to take out enough to pay my bills and finish up. i plan to start working as soon as i am done and pay it off. where will i get the best rates? any loan advice? thanks

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answers from Oklahoma City on

You can get student loans to pay for living expenses. You'll have a grace period after graduation before your repayment period begins. I'd make an appointment with the financial aid department with your school. GL!



answers from Baton Rouge on

Sallie Mae is the way to go



answers from Gadsden on

An equity line on your home is a great way to go. Your payment is only 1.5% of the outstanding balance.



answers from Montgomery on

Have you thought about a student loan. They are pretty practical and the first payment is not due until 6 months after you graduate. Also, the payments are affordable, unless you have an insurmountable debt of student loans already.



answers from Oklahoma City on

Start by talking to a finance counselor at the school you are attending. He/She will be able to show you any of the grants or loans that you qualify for as a student. If that isn't enough, go to a bank before a loan company. You will get better interest rates through banks.


answers from Tulsa on

I would start with the school first and see if you qualify for any type of grants. If not, then I would look at student loans. Sometimes the school can go through a particular company and get you a good rate and you pay back the school through a third party. One of my student loans was done that way. The drawback of going through the school is that they will probably apply the loaned money directly to your tuition and fees and you will not be able to use anything for your bills and living expenses. If you get a private loan through a bank, you can most likely use the money as you see fit, but will have a higher interest rate. Even if you don't go through the school for a loan, they will probably have a list of resources that you can go through on your own. Good luck!



answers from Oklahoma City on

I dont know where to get a loan, but Congrats on getting your PA!

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