Federal Loans/Loans

meyers9163 · June 10th, 2006, 16:48

Well I just noticed that there is a way to get a Federal Loan for training. I was just wondering since I'll already have a degree if this will eliminate me from getting an additional loan? I thought maybe it would but wanted to find out for sure. Then 2nd question is I notice there are a lot more load options on your website then others so how hard is it to find a place to finance the training? I know back in December I just tried out of curosity and got SLM on my own 15k and just was wondering there two questions. I know with a co signer I can get more money but I just wanted to see on my own what I could manage. Thanks for the help!

Catherine · June 10th, 2006, 22:55

I know that most people here have Key Bank or SLM....I think you have to meet age and other requirements for a some of the federal money, although some of it can be gotten with a degree I believe, but it's not a great deal (well, in contrast to the cost of the whole school). I don't know lots of details as I don't work really with that end of it, but if you have any questions, check with the school and see. I got my money without a co-signer from Key Bank and covered the cost of the course pretty easily with them. I hate borrowing that much, but back home I was making $20,000 a year before taxes and trying to save up much of that was a difficult thing to do! I needed to get out of there and change careers and although I may be short on spending money for a few years, I don't think I'll ever regret it.

Barlow · June 11th, 2006, 12:39

Is Key Bank the one that provides loans that are not elgible for student loan refinancing? If true, I'm wondering what prevents people from refinancing it to attain a better interest rate?

June 10th, 2006, 16:48	#1
meyers9163 Old Skool Join Date: Jun 2005 Location: Indiana Posts: 2,226	Federal Loans/Loans Well I just noticed that there is a way to get a Federal Loan for training. I was just wondering since I'll already have a degree if this will eliminate me from getting an additional loan? I thought maybe it would but wanted to find out for sure. Then 2nd question is I notice there are a lot more load options on your website then others so how hard is it to find a place to finance the training? I know back in December I just tried out of curosity and got SLM on my own 15k and just was wondering there two questions. I know with a co signer I can get more money but I just wanted to see on my own what I could manage. Thanks for the help!

June 10th, 2006, 22:55	#2
Catherine Junior Member Join Date: Aug 2005 Posts: 149	Re: Federal Loans/Loans I know that most people here have Key Bank or SLM....I think you have to meet age and other requirements for a some of the federal money, although some of it can be gotten with a degree I believe, but it's not a great deal (well, in contrast to the cost of the whole school). I don't know lots of details as I don't work really with that end of it, but if you have any questions, check with the school and see. I got my money without a co-signer from Key Bank and covered the cost of the course pretty easily with them. I hate borrowing that much, but back home I was making $20,000 a year before taxes and trying to save up much of that was a difficult thing to do! I needed to get out of there and change careers and although I may be short on spending money for a few years, I don't think I'll ever regret it. __________________ Catherine "A pilot can't help second-guessing every other pilot; it's an occupational disease. Sorry" Richard Ames, THE CAT WHO WALKS THROUGH WALLS Instructor at Ari Ben Aviator

June 11th, 2006, 12:39	#3
Barlow Newbie Join Date: Jan 2005 Posts: 19	Re: Federal Loans/Loans Is Key Bank the one that provides loans that are not elgible for student loan refinancing? If true, I'm wondering what prevents people from refinancing it to attain a better interest rate?

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