Wheres the best place to get deferred-payment, low-interest loans?
If you’re sure you don’t want a federal loan (ie FAFSA) then you are probably looking at private student loans. Private loans are generally credit-based, meaning that your interest rate will be set depending on your (or your co-signer’s) credit history. Having a cosigner with good credit will generally lower your interest rate. Most lenders have options to defer payment while you’re enrolled at least half time, but if at all possible, try to pay at least the interest while you’re in school. It’s a good idea to speak with the financial aid office at your school for advice on choosing a loan and a lender. Good luck!
