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LoadMasterC141 · December 22nd, 2006, 19:35

Little confused about the NextStudent thing--Was it NextStudent or SLM that said you had to take 2 UVSC courses? Would they say the same thing to someone with a 4 year degree versus two I wonder? I was considering NextStudent, but am curious as to the reasoning behing the need for you to take the classes(if it was them that said that).

Also, how come SLM did not like you? Was your credit low? No cosigner?

When I apply, my FICO will be around 700, and I'll have two cosigners, one with 700 and the other with absolute perfection. I'll be applying for $30k and paying the rest if all goes well this year. Truly, I am hoping to stay below 7.5% total interest. 9.75% sounds a little high; 7.5 is high enough.

Bob gives great advice. Save up as much as you can, live cheap, and continue living cheap when you are making more money, and pay off that loan fast so you don't pay close to as much interest. I have never paid a loan to maturity.

Oh and congrats on your decision and best of luck! I'll see you there in late summer!

December 22nd, 2006, 19:35	#8
LoadMasterC141 Old Skool Join Date: May 2006 Location: Live in Arlington, TX - From Ithaca, NY - Wish I was on an island in Fiji Posts: 1,949	Re: Please help me! Little confused about the NextStudent thing--Was it NextStudent or SLM that said you had to take 2 UVSC courses? Would they say the same thing to someone with a 4 year degree versus two I wonder? I was considering NextStudent, but am curious as to the reasoning behing the need for you to take the classes(if it was them that said that). Also, how come SLM did not like you? Was your credit low? No cosigner? When I apply, my FICO will be around 700, and I'll have two cosigners, one with 700 and the other with absolute perfection. I'll be applying for $30k and paying the rest if all goes well this year. Truly, I am hoping to stay below 7.5% total interest. 9.75% sounds a little high; 7.5 is high enough. Bob gives great advice. Save up as much as you can, live cheap, and continue living cheap when you are making more money, and pay off that loan fast so you don't pay close to as much interest. I have never paid a loan to maturity. Oh and congrats on your decision and best of luck! I'll see you there in late summer!