Where is the best place for me to find a good private student loan? Help..??

If you are forced to rely on private educational loans, the best and safest course is to focus your search on the best-known and most legitimate lenders. Educational borrowing is a very expensive endeavor, and it's important that you arrange a loan with a bank that you can trust.

It's also VERY important that you shop around for the best possible loan terms, particularly the interest rate.

Make absolutely certain that you understand exactly what these loans are going to cost you to repay. If you're heading into medical school, that says one thing about your future earning expectations, but if you're going to school to get a degree in early childhood education, then you shoud have an altogether different expectation of the income that's eventually going to be available to you when you have to repay these loans.

Also be sure you realize that private educational loans are made with variable interest rates - rates that are based on the prime rate, or a similar financial standard known as the LIBOR, which stands for London Interbank Offered Rate. A variable interest rate "resets" many times during the loan - sometimes as often as every single month. The risk with a variable rate loan is that the Prime or LIBOR will increase significantly over the long life of a school loan, so you're going to want to look for loans that "cap" the maximum amount of interest that you would ever be required to pay.

Stay far, far away from the charlatans that advertise their wares here on Yahoo! Answers. Many of these people are promoting "pay-per-click" sites that pay them a small amount of money if they can get you to go read some sponsor's relatively useless information - others are just flat out scam artists and crooks. You can usually identify them by the words "I'm not a scam artist or a crook."

Try the site below - it's a page from the Bankrate.com information service. Bankrate does nothing more than keep track of financial rates - interest rates, mortgage rates, lending rates - all sorts of rates - and this one page is just a compilation of the rates that are currently being offered by the major lenders for student loans. That's always a good place to start your search.

Good luck to you - I hope that helped.

hi there.... try you look at this site. I found at google last week

http://consolidation-of-private-studentloans.blogs...