chinosk8r asked:


I just got accepted into NYU, but I’m not sure if I can do due to financial troubles.

I have the option for the federal loan, but that is at a 8.25% APR rate which is ridiculous. I wish to get a private loan but I’m not sure they would loan to my family because we have nothing to put down as collateral.

So, I’m just wondering, do banks require a collateral for a college loans, or do they operate their loan system differently for college students.

Technorati Tags: , ,