HELP!-USA Students/Grads

[mackaroo]

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I'm deciding between St. Augustine and another private school. I think I would prefer USA because of the shorter length, location, and I will actually spend less. However, all they offer is the Stafford loan, no Grad Plus. The rest has to be taken out in Sallie Mae smart option loan aka variable interest rate. Can anyone give me advice, tell me about their experience! I need help and I need to decide quick!! Feel free to PM me!

 

[Kin 2010]

I was accepted to USA last year for the Jan 2012 start class. I wasn't able to attend because of that loan situation. Bascially the variable interest rate changes every year. It's the Libor rate in addition to ~2-12%. I applied for the sallie may and it said I needed a cosigner to take out the loan. I found this weird because my credit score was good, but I just figured it wasn't meant to be. Also with the way the economy is a variable interest rate is extremely risky. I would go with your other option.