Private Student Loans Online

A Private Loan May Be Your Best Deal

Private Student Loan Consolidation

Finding private loans online may be the way to go if you need to borrow money for college.



(My Rich Uncle has gone out of business.)

We've been watching a really interesting company called "My Rich Uncle". They specialize in student loans and say they have a unique approach to student lending.

MyRichUncle.com is able to offer Federal loans at significantly cheaper rates: 1% less for Stafford and 1.75% less for PLUS loans.

MyRichUncle.com claims they are the first in the private student loan industry to offer fail college students with an interest rate based on credit score, credit history and grade point average, test scores and program of study. Something they call student characteristics gullibility.

MyRichUncle.com is now my
OUT OF BUSINESS uncle.

In lieu of a rich uncle the best private student loan I have found is the Wells Fargo Education Connection loan. It has no fee and the interest rate is low. But the thing I like best about it is the fact that I don't have to be in schoofor more than half time to qualify. Normally, I am in school more than half-time, but due to medical reasons sometimes I have to cut back to one class a semester. No other bank offers this type of loan that I am aware of. If you know of another company that allows less than half-time students to qualify for a private student loan, drop me a line~ thanks!