Fed Financial
Advice about Sallie Mae private student loans?
I've been looking into the possibility of borrowing a private Tuition Answer loan from Sallie Mae. The interest is pretty high, but it is my only option to have living expenses so I can make it through nursing school (my federal loans just cover tuition/books). I need help understanding these little other fees they mention ...like supplemental (i believe that's what it said) at 3% and origination. Does anyone have advice for me, about this type or similar type, of loan and little add ons I need to be aware of the could get costly?
Public Comments
- I am impressed that you are asking the questions that affect your own interests. Today it is important to avoid high interest loans. When you mention fees, no matter how supplemental, all of that adds up to fronting money just so you can borrow money. It makes no sense to throw your money away when you need what you have.
