Wednesday, November 23rd, 2011 at
12:38 pm
A question asked by : Are student loans debit just as bad a credit card debt?
I got a buddy who owes a whole lot of money on student loans because he was buying things that had nothing to do with school. He build it up really high is this basically just as bad as credit card debt? This guy is honestly not me im just curious because i have minor credit card debt who is more screwed me or him?
The top answer:
Answer by timothy p
Banks view student loans as good debt. The interest tends to be low because they are guaranteed and the payments can be strung out for years so the payments will be low.
That being said, it is still debt. You are spending money that you don’t have yet. Low interest is still interest. It is almost impossible to get out of paying them back as well.
How about adding your own answer to the comments below!
Technorati Tags: card, credit, debit, debt, just, Loans, student
Saturday, January 15th, 2011 at
6:37 pm
A question asked by myyahooanswersaccount1184: Do I accept private student loans after I am approved just like I did with my federal loans?
Lost my job and now I don’t have enough money to pay my bills through the rest of the semester. For federal student loans I applied for them, was shown how much I could borrow, and accepted what I wanted. Do private student loans work the same way?
I’ve applied for over 30 jobs in the last month and haven’t even gotten an interview 
The No 1 answer:
Answer by Anonymous
Not exactly. You must have a cosigner with great credit and a high income. If you don’t have that, you won’t get approved for a private student loan.
If i were you, i’d find another job.
Do you know better? Why not leave your own answer in the comments below!
Technorati Tags: accept, after, approved, federal, just, like, Loans, private, student
Friday, July 23rd, 2010 at
11:50 am
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