General Question

Stassia's avatar

Should I take out a student loan from a bank or credit union?

Asked by Stassia (7points) April 19th, 2016
6 responses
“Great Question” (2points)

Need a student loan with good credit conditions. Should I take out it from a bank or credit union?

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Answers

kritiper's avatar

Check with your school for a federally insured student loan. Then you’ll know.

kritiper (25757points)“Great Answer” (2points)
zenvelo's avatar

Student loans from the Feds can be forgiven if you meet the right qualifications.

Loans from banks are a form of indentured servitude.

zenvelo (39437points)“Great Answer” (4points)
MollyMcGuire's avatar

I always advise against student loans. Take longer to get your degree and work part time.

Don’t take a loan with no intention of paying it back either. I’m surprised at some of the answers here.

MollyMcGuire (7740points)“Great Answer” (0points)
zenvelo's avatar

@MollyMcGuire Are you “surprised” at my answer? There are only two other answers besides yours, and I am the only one who spoke about loan forgiveness, which is not about taking ”...a loan with no intention of paying it back either.”

If one takes out a federal loan, there are provisions for public service as a means of paying back the loan. Bank and Credit Union loans don’t have those provisions.

zenvelo (39437points)“Great Answer” (0points)
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negative's avatar

Opt for something which is less pain in the $$^/ in future

negative (93points)“Great Answer” (0points)

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