# best place for a student loan? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [August 4, 2008, 1:46pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662 "2008-08-04T13:46:00Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![AShort](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ashort/32/4947_2.png) [@AShort](https://forums.speedlife.net/u/AShort)\ **Post date:** [August 4, 2008, 1:46pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/1 "2008-08-04T13:46:00Z")
anyone know of a good website for student loans that they have experience with? I’m looking for a loan to purchase my toolbox and I’m looking for some suggestions. ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [August 4, 2008, 2:01pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/2 "2008-08-04T14:01:12Z")
ummmm good luck… most places have tightened down on private student loans doesnt snapon/matco etc have their own CC’s for tool purchases? ---
**Author:** ![deebo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/deebo/32/5218_2.png) [@deebo](https://forums.speedlife.net/u/deebo)\ **Post date:** [August 4, 2008, 2:02pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/3 "2008-08-04T14:02:50Z")
a loan from a credit union would have lower interest rates than a student loan. and idk if you are actually in college but for a student loan you have to have proof that you are in college ---
**Author:** ![AShort](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ashort/32/4947_2.png) [@AShort](https://forums.speedlife.net/u/AShort)\ **Post date:** [August 4, 2008, 2:25pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/4 "2008-08-04T14:25:03Z")
> [@95LS1t](#): > > a loan from a credit union would have lower interest rates than a student loan. > > and idk if you are actually in college but for a student loan you have to have proof that you are in college i am in college, i just got accepted and my schedule made. ---
**Author:** ![AShort](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ashort/32/4947_2.png) [@AShort](https://forums.speedlife.net/u/AShort)\ **Post date:** [August 4, 2008, 2:26pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/5 "2008-08-04T14:26:06Z")
> [@Viper966](#): > > ummmm > > good luck… most places have tightened down on private student loans > > doesnt snapon/matco etc have their own CC’s for tool purchases? they do have their own CC’s you can get but right now I can’t really afford another bill or payment. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [August 4, 2008, 2:27pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/6 "2008-08-04T14:27:03Z")
I’m not sure how things have been lately, but way back in ought-three or thereabouts, Citibank got my business when I needed a little extra student loan money. [www.studentloan.com](http://www.studentloan.com) ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [August 4, 2008, 2:28pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/7 "2008-08-04T14:28:19Z")
> [@JDMjunkie](#): > > they do have their own CC’s you can get but right now I can’t really afford another bill or payment. You actually need this toolbox right? Like you’re in auto trade school or some such shit IIRC right? Just to warn you, if not I am going to reach through the screen and choke you. For serious. I can do that. It’s a patch Howie added the other night. ---
**Author:** ![AShort](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ashort/32/4947_2.png) [@AShort](https://forums.speedlife.net/u/AShort)\ **Post date:** [August 4, 2008, 2:30pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/8 "2008-08-04T14:30:19Z")
> [@Fry](#): > > You actually need this toolbox right? Like you’re in auto trade school or some such shit IIRC right? > > Just to warn you, if not I am going to reach through the screen and choke you. For serious. I can do that. It’s a patch Howie added the other night. hahaha…yes I actually need it. I’m taking the GM auto tech program and I need a nice box and set of tools. ---
**Author:** ![AShort](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ashort/32/4947_2.png) [@AShort](https://forums.speedlife.net/u/AShort)\ **Post date:** [August 4, 2008, 2:30pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/9 "2008-08-04T14:30:58Z")
> [@Fry](#): > > I’m not sure how things have been lately, but way back in ought-three or thereabouts, Citibank got my business when I needed a little extra student loan money. [www.studentloan.com](http://www.studentloan.com) I’ll look into it…thanks Fry :tup: ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [August 4, 2008, 7:32pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/10 "2008-08-04T19:32:21Z")
Look into the government. Stafford FTW ---
**Author:** ![Jared](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jared/32/4976_2.png) [@Jared](https://forums.speedlife.net/u/Jared)\ **Post date:** [August 4, 2008, 9:12pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/11 "2008-08-04T21:12:25Z")
[https://www.studentloan.com/](https://www.studentloan.com/) [https://web.hesc.org/hescpub/main?target=renderer\_loan\_student\_inq&select=1](https://web.hesc.org/hescpub/main?target=renderer_loan_student_inq&select=1) hers is a link to citibank… there are fast and have good customer service… loans are getting hard to get so the customer service part helps out alot… my alternative loanis at 11.7% ( I know is sucks but the best i could do ) , my HESC loan is at 5.7 %… ---
**Author:** ![deebo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/deebo/32/5218_2.png) [@deebo](https://forums.speedlife.net/u/deebo)\ **Post date:** [August 4, 2008, 9:19pm UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/12 "2008-08-04T21:19:49Z")
> [@JDMjunkie](#): > > hahaha…yes I actually need it. I’m taking the GM auto tech program and I need a nice box and set of tools. you can just go into a bank you belong to and bring your letter of acceptance and your financial aid sheet that shows you will need to buy the tools, and they should be easy to get a loan from. if it dont say that you actually need a job, i believe you can take extra money anyways to cover personal expenses such as books/computer or w/e goes along with college ---
**Author:** ![FightinMike](https://avatars.discourse-cdn.com/v4/letter/f/7bcc69/32.png) [@FightinMike](https://forums.speedlife.net/u/FightinMike)\ **Post date:** [August 5, 2008, 6:25am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/13 "2008-08-05T06:25:57Z")
> [@Avatar](#): > > Look into the government. Stafford FTW Bad idea, Stafford’s are direct loans that go right to the school. As in you never see the money, they cut the school a check directly. Sallie Mae has been good to friends of mine, but they’ve clamped down recently. I’d say a Credit Union would give the best rate nowadays. Realize this is serious business, know your credit score and have several references available. Maybe even a cosigner with good credit. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [August 5, 2008, 6:34am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/14 "2008-08-05T06:34:45Z")
> [@FightinMike](#): > > Bad idea, Stafford’s are direct loans that go right to the school. As in you never see the money, they cut the school a check directly. And then the school cuts you a check for what’s left of the loan after their tuition is paid. Staffords are the best idea, in that the interest is going to be the lowest you will find and it is usually deferred until you are out of school. It just takes a little extra time since it has to go through the school first. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [August 5, 2008, 7:15am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/15 "2008-08-05T07:15:38Z")
if it’s not a subsidized direct loan then it might as well not be a “student” loan so shop around as you would on anything else. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [August 5, 2008, 7:25am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/16 "2008-08-05T07:25:57Z")
> [@theblue](#): > > if it’s not a subsidized direct loan then it might as well not be a “student” loan so shop around as you would on anything else. Yep if you can find an interest rate under 6.8%. Unsubsidized Stafford loans are just payment deferred (not intereste deferred) and fixed at 6.8%. Subsidizes loans however, you will be able to consolidate at 3.4% in 2011. I just closed the window but it was on the internet. Sallie Mae dot com or something. ---
**Author:** ![FightinMike](https://avatars.discourse-cdn.com/v4/letter/f/7bcc69/32.png) [@FightinMike](https://forums.speedlife.net/u/FightinMike)\ **Post date:** [August 5, 2008, 7:29am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/17 "2008-08-05T07:29:40Z")
> [@Fry](#): > > And then the school cuts you a check for what’s left of the loan after their tuition is paid. > > Staffords are the best idea, in that the interest is going to be the lowest you will find and it is usually deferred until you are out of school. > > It just takes a little extra time since it has to go through the school first. Damn I got screwed then, UB just gave me credit on my next bills. Probably some option I had that I never exercised I’m sure. :tdown: to me ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [August 5, 2008, 7:48am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/18 "2008-08-05T07:48:54Z")
maybe I skimmed the page too fast but it look like staffords are subsidized according to your link. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [August 5, 2008, 7:55am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/19 "2008-08-05T07:55:25Z")
There are subsidized and unsubsidized Stafford loans. Subsidized are interest and payment deferred while you’re in school. Unsubsidized are only payment deferred. Also, Subsidized loans currently have declining interest rates. 6.0% right now, 3.4% in 4 years. So in 4 years you consolidate and fix them at 3.4%. Unsubsidized are fixed at 6.8% indefinitely. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [August 5, 2008, 7:56am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/20 "2008-08-05T07:56:26Z")
> [@FightinMike](#): > > Damn I got screwed then, UB just gave me credit on my next bills. > > Probably some option I had that I never exercised I’m sure. > > :tdown: to me Weird. I don’t remember doing anything special and even in grad school now, they just cut me a check for the leftovers. I must have told them not to. I’m sure they keep the money by default. [Next page](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662.md?page=2)