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LilianFu

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Which one is better Sallie Mae or Astrive Student Loans ?

I was willing to get the loans from a private lender since I can't take any more loans for the federal lenders. I found two names, first is the sallie mae and second is the astrive student loans. I simply want to know that which loan program is better and why?

839 day ago

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joliejoe
Both the Sallie Mae private student loans and Astrive student loans are given by the private lenders so both of them carry higher interest rates than common loan programs. In the Sallie Mae there are some features like low repayments, loan deferment till your are in the school and until 6 months after school. On the other hand the Astrive Student Loans are efficient and need a cosigner. Bad credit holder students should have a cosigner with a good credit history in order to get the loans with low rates.

With the Astrive student loans one can get from $1500 to $40,000 each year. An individual person can borrow up to $130,000 in its lifetime through these loans. No any hidden charges are associated with these loans. Repayments can be done through three ways. First is the full repayments after graduation, second is pay only the interest while in school and third is to begin repaying the loan immediately and is the loan with least interest payments. The Astrive student loans can be repay in 20 years and borrower must have to pay a minimum of $25 per month. Now the loan program which suits more with your condition is the better loan for you. Compare them and choose wisely.

Posted 839 days ago

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