Should I take out a student loan from a bank or credit union?
Asked by
Stassia (
7)
April 19th, 2016
Need a student loan with good credit conditions. Should I take out it from a bank or credit union?
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6 Answers
Check with your school for a federally insured student loan. Then you’ll know.
Student loans from the Feds can be forgiven if you meet the right qualifications.
Loans from banks are a form of indentured servitude.
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 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.
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Opt for something which is less pain in the $$^/ in future
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