Private loans and summer classes...

[darkangel77]

Hey guys,

I just have a quick question about private loans I will be reapplying to some physical therapy programs for next cycle, and part of that involves taking a few prerequisites over the summer. Unfortunately, I don't have the money to pay for those classes and my application fees, and my parents won't be helping me out any. My credit is not bad, and I won't be applying with a cosigner. So I was thinking about taking out a private loan to help pay for that.

I did a search on these forums, but I couldn't find exactly what I was looking for. So, what kind of loan companies would you all recommend for my situation?

Any advice is appreciated!

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[brains]

If you choose not to go with your schools financial aid, then I would suggest getting a small signature loan from a bank or credit union. I'm not sure which would have a better rate/payment options, but you'd have to look into it to see.

 

[darkangel77]

Jenny,

Thanks, do you know what kind of banks or credit unions offer small signature loans? I'm not currently enrolled at a school at the moment, and I will be taking my courses at a school near where I live. I'll definitely look into what kind of financial aid can be offered, but I have a feeling I'll need to take out a loan for housing, and maybe a little more to cover my application fees.

As always, any additional input is appreciated!

 

[brains]

Jenny,

Thanks, do you know what kind of banks or credit unions offer small signature loans? I'm not currently enrolled at a school at the moment, and I will be taking my courses at a school near where I live. I'll definitely look into what kind of financial aid can be offered, but I have a feeling I'll need to take out a loan for housing, and maybe a little more to cover my application fees.

As always, any additional input is appreciated!

I'm pretty sure any credit union will do as long as your debt/income ratio isn't too out of hand. My so took out a small sig loan for about 10,000 and he had it paid off right away since he got a really good rate ( not sure what it was). As far as I know he was pretty satisfied with it. He went through our local credit union ( New Mexico Educators Federal CU).

If the FA at your school won't be enough to cover every thing, then yeah I would suggest going with a sig loan. I think they're easier to process than one through your school anyway. I remember when I was about to take out a small loan through the FA at my school, and I was kinda scared, LOL!!

It just felt different and I didn't really know what to expect ( even though I read all the fine print!)


I hope I was helpful to you.

 

[darkangel77]

Thanks for your help!

I actually looked through a few local credit unions in my area, but I wasn't able to get approved for a loan, at least not yet

Currently I don't own a house or car, and with my job I only make about $12k a year. I've also only been at my current job for a little less than a year...

Any other suggestions at this point? My summer classes will cost about $5000 and application fees, around $1000, so I'm looking for a loan of about $6000-$7000.

This is starting to get quite frustrating, as the whole point of this year was to work on improving my applications, but without money obviously I won't be able to to do that