Pharmloan

Started by Heyyyyy
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Heyyyyy

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Has anyone applied for this loan?

I should probably take out the $200k they offer and buy me a car and possibly a strip bar.
 
Heyyyyyyyyyyyyyyyyyyyyyyy,


Whoa! Did you read what the Pharm loan is? Take out what you need and not a penny more! It's not a government loan so you CAN NOT consolidate it when you get out. And on top of that, the loan accrus(sp?) interest daily. With the flucuation of the market, who knows what you will owe at the end. I sat down and figured out, my $6000 dollar loan, (which I had to take out) will cost me close to $18000 by time I pay it back, pending if I take 10 years to pay it. The best loan out there that I've looked at is the Citi-assist loan available thru citibank at www.studentloan.com They have absoultly no fees unlike pharm loan. Hope this helps!
 
"You can borrow up to the full cost of education annually. Of course, any other financial aid you have been awarded and any funds granted under the Federal Family Education Loan Program, such as Stafford loans, will be considered in the total cost."

That means you can only borrow up to the cost of your education (which varies by school). At 5.76%+, it's not a very good deal as far as student loans go.