Private Student Loans from Wells Fargo vs. SallieMae vs. Citi?

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Celestine
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Private Student Loans from Wells Fargo vs. SallieMae vs. Citi?

Postby Celestine » Mon Jun 04, 2012 11:35 pm

So everyone... I need to hear your opinions and or feedback on private student loans. Not sure though if this topic fits this website :ppp

  • Wells Fargo
  • SallieMae
  • Citi
I am sure that Wells Fargo and SallieMae issue student loans for students enrolled at DeVry. But I have to call Citi if they welcome borrowers from DeVry.

Some of you may be wondering, "Why DeVry?" It offers online classes and the campus is closest to where I live. Was going to a different university but that university has limited availability of evening classes.

Back to private student loans. Anyone have any experience on those lenders?
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Snowman
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Postby Snowman » Tue Jun 05, 2012 3:31 pm

Celestine,

Whatever you do, do not use Sallie Mae, someone called me from them yesterday and I have no loans from them whatsoever, I have heard a lot of negative things about them. This is a forum I follow (I found while looking to help my friend pay off some debt) and these are there experiences http://forgivestudentloandebt.com/content/share-your-student-loan-stories
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Postby NYC_Dweller » Tue Jun 05, 2012 7:33 pm

Snowman wrote:Celestine,

Whatever you do, do not use Sallie Mae, someone called me from them yesterday and I have no loans from them whatsoever, I have heard a lot of negative things about them. This is a forum I follow (I found while looking to help my friend pay off some debt) and these are there experiences http://forgivestudentloandebt.com/content/share-your-student-loan-stories


Interesting... I have had great experiences with Sallie Mae. Their CS is understanding and up to par. I have heard that a lot of scammers use their name since they are a larger student loan lender.

I also used Citi as well. Never really had an issue with them and the CS is decent. If I can do back in time I would not use Citi since:

- Their website is confusing
- They only track payment history if you pay via their site and register your checking account
- If you use bill pay through your bank they will not have any payment records to view on their payment history
- 10% APR is ridiculous for a student loan (10 years ago)
- Called to lower APR but refused stating that the loan is a private student loan

I cannot comment on Wells Fargo since I have no personal experience with them.


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Postby jlam572 » Sat Aug 04, 2012 10:18 pm

Wells fargo is OK. I have them for about a 23k loan im currently paying off. They also have some repayment credits depending on what your career field is. Im in the medical field, so I was able to get a few thousand knocked off.
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