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

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

kritiper's avatar

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

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.

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.

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.

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negative's avatar

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

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