High Interest Student Loan?
09-07-2006 | 05:57 PM
#12
Gets Weekends Off
Joined: May 2006
Posts: 252
Likes: 0
From: Student
Does Sallie Mae offer rates which are not variable? I am about to take out a loan for school/living/flight training and was told by a few people to go with Sallie Mae... I guess I will have to look for more from my bank or something..
09-07-2006 | 06:26 PM
#13
Thread Starter
Line Holder
Joined: Jun 2006
Posts: 80
Likes: 0
From: C172S, PA44
Based on Clyde101's post, I would say probably not, but I don't know for sure. All I know is they add points to the prime rate based on your credit I assume, but a variable rate scares me. What if that thing goes up to like 14-15% ? That would really stink. I would definitely explore other options.
09-08-2006 | 05:15 AM
#15
Big Poppa
Joined: Apr 2006
Posts: 613
Likes: 0
Everybody says go with sallie mae because they are the biggest and they actually give loans to pilots. but they are expensive, and the customer service sucks. not only that, but you have to use your SS# on EVERYTHING!! you type it into the phone, they make you to fax it, force you to use it as a password, they put it in the mail, everything!! it's ridiculous.
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