Quote (MyAddiction @ Wed, Apr 16 2008, 10:30pm)
Anyone hear the news on College Loans?? I don't know how many of you are in HS -- going to College, but something major happened recently.
Apparently almost all of the banks are dropping out from the college loan business -- so now we will have to pay in full or have our parents take loans out for us.
Bad news for me, donno bout you guys.
You shouldn't need an loan when your on an full ride
in other case if you do I wouldn't use an student loan because it limits the amount of money allotted to be withdrawn when an standardized loan @ an higher percent with a co signer would allow you to withdraw any amount needed so if you become financially wise decide on investing in something in your later years of school you are not restricted and therefore have greater freedom not to mention the viability to withdraw what you want when you want, its all yours... of course you could be an moron and spend it woefully in that case student loans where designed. They are an safety net for those not mature enough to handle fiscal endeavors.