# best place for a student loan?

**URL:** <https://forums.speedlife.net/t/best-place-for-a-student-loan/52662>\
**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:** 5\
**Page:** 2

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**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\
**Post date:** [August 5, 2008, 7:56am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/21 "2008-08-05T07:56:59Z")

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should I play devil’s advocate?

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**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, 7:57am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/22 "2008-08-05T07:57:25Z")

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> **[Student Loans for College & Graduate School](https://www.salliemae.com/student-loans/)**
>
> Apply for a student loan today. Whether studying online or on campus, Sallie Mae's student loans can help cover up to 100% of college or graduate school costs.

> Stafford Loan  
> The interest rate on Stafford loans first disbursed beginning July 1, 2008:  
> Subsidized Stafford loans for undergraduate students has a declining fixed interest rate.  
> July 1, 2008–June 30, 2009 the interest rate is 6%.  
> July 1, 2009–June 30, 2010 the interest rate is 5.6%.  
> July 1, 2010–June 30, 2011 the interest rate is 4.5%.  
> July 1, 2011–June 30, 2012 the interest rate is 3.4%.  
> Beginning July 1, 2012 the rate is 6.8%.  
> Subsidized Stafford loans for graduate and professional student and all unsubsidized Stafford loans is 6.8%.  
> The interest rate on Stafford loans first disbursed beginning July 1, 2006 is fixed at 6.8%.  
> The interest rate on Stafford loans first disbursed on or after July 1, 1998 but before June 30, 2006 is variable. and may change on July 1 of each year but will never exceed 8.25%. The rate is based on:  
> The 91-day T-bill rate + 1.70% during in-school, grace, and deferment periods.  
> Starting July 1, 2008 the interest rate on variable rate loans is 3.61%.  
> The 91-day T-bill rate + 2.30% during repayment periods.  
> Starting July 1, 2008, the interest rate on variable rate loans is 4.21%.

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**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, 7:58am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/23 "2008-08-05T07:58:04Z")

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> [@Nikuk](#):
>
> should I play devil’s advocate?

Naw just tell him to use a credit card.

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**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\
**Post date:** [August 5, 2008, 7:58am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/24 "2008-08-05T07:58:49Z")

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Ok then. out.

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**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\
**Post date:** [August 5, 2008, 8:29am UTC](https://forums.speedlife.net/t/best-place-for-a-student-loan/52662/25 "2008-08-05T08:29:13Z")

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Don’t borrow a dime from Sallie Mae.

The worst company I have ever dealt with in my life.

I refinanced all mine through Citi, and Great Lakes. Great lakes is affiliated with citi, but they give you a little lower rate.

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