saravs

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15+ Year Member
Jan 1, 2002
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Bowling Green
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Guys,
I am a foreign student about to join dental school. You might know that I only qualify for Private loans as opposed to the Federal loans.
I would really appreciate some information on whether its safe to go in for variable intrest loans based on Wall Street Journal Index or the Libor Index or is it better to go in for the fixed interest rates?
Thanks
saravs
 

smilemaker

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Oct 13, 2002
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Hi, Sarav
You can qualify for a federal loan if you are a green card holder or a citizen..or it is really hard to get these loans ..they do come at very high interst rate..to top it all you need a co-signer to sign your loan amount ..
Hope this helps
smilemaker:p
 

doctorsquared

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Nov 3, 2002
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near Lansing Michigan
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Are you eligible for the private MEDLOANS? These are current at a very low variable rate. The origination fee may even be zero if your credit is good when you graduate. I would take this loan if you can't get a private loan with a fixed rate of 7% or less.
 

anu

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Mar 14, 2002
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NJ
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Sarvas. have u enquired abt any loans ,do u know of any lender who don't needa cosignee?
 
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