How long does a student loan take to receive?

Nov 252010
 

How long does a student loan take to receive?
I accepted loans for school, and signed my mpn and everything. My question is, how long should it take for the bank to accept my application? Is there a reason i might not get a loan? Other people who applied for loan got their application accepted by the bank the next day. It has been 3 days since I filled out the application. The status of my application says “completed” not “accepted”. Has this happened to anyone else?? Thanks.

Best answer:

Answer by hottie
well if its stafford loans you will get it once your school gives out the dates they want it sent if its a private loan thats a longer process they have to check credit and stuff like that

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Can’t Qualify For Private Loans, Now What? :(

Sep 012010
 

SUMMARY OF MY PROBLEM
Just put my daughter in college, she received financial aid and grants that covered the bulk of her tuition but not housing, books, meal plan and remaining balance for tuition. I thought we could easily get a private loan to cover the remaining expenses with me co-signing for her but I’ve been getting denied left and right. I don’t want to have to take a parent plus loan that will be all on me and none on her being that she’s going to be a teacher and they pardon a bulk of your loans when you teach in certain areas for a certain length of time. Can anyone tell me where else I can possibly get a loan for her?

 

WHAT I’VE DONE ALREADY

I applied for a 10k loan from several lenders including wells fargo, citibank, sallie mae and a few others. I need about 10k for the year and now I just don’t know what to do. Someone please show me some light at the end of the tunnel

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Can you consolidate student loans with credit card debt?

Mar 312010
 

I have about $120,000 in Student loan debt (a mix of federal and private loans at various interest rates) and $7K, in Credit card debt- the CC debt was about $12K when I graduated a year and a half ago- but it is getting so frustrating not being able to pay this off…I pay my student loans on time everymonth.

 

However, I was toying with the idea of going to my bank and finding out if I can get a private loan to consolidate all of this debt and just make one payment- maybe a 15 year loan.

 

Is this possible? What kind of rate could I get on this with a 740 credit score?

Quick SallieMae student loan question :)

Feb 022010
 

My wife and I will be getting a good sum back on our taxes and I have several student loans with SallieMae.  I have 6 total, with one of those being a private loan at 13.25% interest.  The others are only 6.8% through FFELP. 

 

The loan with the high interest is $ 4600.00 and we’d like to completely pay that off as well as a couple “smaller” FFELP loans, one being $200 and the other around $1000.00.  I know this will significantly drop what I owe on my loans and will help my overall DTI but will this also boost my scores as we would like to see about getting approved for a home.  The only other things on my CRs are a car payment.  I have no credit cards and my scores are only in the 620 and 630 range.

 

In the next week or so, I plan on getting a secured card through BoA or Orchard so that it will help me over time.  Does this sound like I’m going in the right direction?

 

Thank you for your help.

How do I report a private mortgage loan to the credit bureaus?

Jan 252010
 


I support two people in private mortgages. I can say that the lending of credit institutions, so its inclusion in the credit score?