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A second student loan?

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MikeInCreditland
Established Member

A second student loan?

Hi everyone, this is my first post here. I will begin repaying my AES student loan balance of $34,000 this June. I am planning on furthering my education beginning next January. My question is: Is it feasible to qualify for a second private student loan (in this economy) considering the balance I am carrying on the first one? The amount in this case would be lower (in state) to the tune of $25,000 total. Thanks in advance for any input. - Mike

 

FICO info:

EQ 691

EX 706

TU 706

composite = 701 

August 19 2014: Experian FICO 730
Transunion FICO 767

August 4 2011: Equifax FICO 751

August 12 2009: Equifax FICO 713
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shalane85
Frequent Contributor

Re: A second student loan?

Try apping for grants and see if you can qualify for scholarships. With the way the economy is going if you can get money for school that you dont have to pay back will benefit you more. If you cant get any grants or scholars apping for a 2nd private loan isnt a bad idea. just more debt.
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