Student Loan Alternatives--My Rich Uncle

by: Elise Fisher

Recent studies have revealed that some colleges and universities have been guiding parents and students toward a limited group of so-called "preferred lenders"--lenders that, in many cases, do not offer the best interest rates and terms. Not only is this action anti-competitive, but it is unfair to students who do not know that they could get better rates by going elsewhere.

MyRichUncle is an option that college students may wish to consider. They claim to be outspoken advocates of fair and honest practices in the student loan industry.

Here are a few reasons why you might want MyRichUncle on your student loan consideration list:

Their direct approach is free of conflicts-of-interest.

They eliminate the middleman and go directly to students and parents.

They do not market their loans through financial aid offices.

They do not provide financial aid offices with incentives.

As a result, their customers get better rates.

MyRichUncle was the first company to cut interest rates on federal loans below the government's set maximum when students begin repayment. They present some of the lowest-rate private loans around. And, with PrePrime (their "holistic" approach to loan evaluation) they provide students with more opportunities to prove they can be responsible borrowers.

MyRichUncle is just one of the many businesses that college students have to choose from to acquire a student loan. REMEMBER Always do plenty of research before making your decision. This can save you much expense and heartache.

You can find out more about MyRichUncle by clicking the link or by emailing them at Info@MyRichUncle.com. Messages received during the business day are usually responded to within 1-2 hours.