New to private loans

[nc2tarheels]

I'm at the max for my university (undergrad) and I was wanting to get some extra money. I've filled out the FAFSA and got unsub and subsidized, however, this year came with additional expenses. Do I just go to a private lender?

 

[medicinesux]

avoid private student loans at all costs.

 

[nc2tarheels]

Not an option. It's only a 5k dollar loan I'm looking to get and it'll be paid off in 3 months while I'm still in school

 

[sumstorm]

why not save for three months if it is that simple?

 

[nc2tarheels]

I have a mortgage. House looks as if it will be sold in a couple months. That'll leave me 25-30k in money to help pay a loan of only 5k. I'm just looking to get enough money to help cover my mortgage for another 1-3 months.

BTW, don't mention it may not sell. I'm 99% sure that it will.

 

[sumstorm]

then you would be better off taking an home equity loan.

if you're so sure, then a bank should agree. simple as that, then the money would come out of the equity and the cost would be lower.