Quick Student Loans...When You Need to Borrow Money Quick

Quick student loans are private loans. And while most lenders will approve (or deny) a loan within 60 seconds online, getting the money may not be that quick.

Some lenders will not cut a check directly to you- only to your school. If you need the balance (what's left after tuition is paid) quickly for rent, groceries, etc., check out whether or not the lender will give you the money directly, before you apply. Otherwise, your school's policy (based on their financial aid staffing and technology levels) will determine how quickly you get a refund from them.

A recession by definition, means that money is tight, particularly when the borrower is a college student in debt already. Private loans for college are difficult in this recession cycle, without a great credit cosigner. (Student loans without any cosigner are almost impossible.)

(You do have federal student loans- available without any cosigner, already, right?)

So where do you turn for quick student loans?

Your financial aid office is your first stop. Almost every college has funds set aside for student emergencies. No, of course they don't have a sign on the door saying, "How to get quick money- knock here."

But short-term loans called, "university student loans" can be obtained at very reasonable rates (usually under 8%) from your college. You have to go there, explain your situation and ask/beg.

In the fall of 2009, many students experienced delays with their FFELP federal student loans. They were able to get bridge loans to pay bills and buy food. Extensions for college tuition prices were also granted.

But this is short-term money. The schools generally expect payment in full by the end of the semester.
Another short-term option (for working, nontraditional students) is a:

Pay Day Loan- Low Rate

• you know for certain that you have money coming to you at a specific date
• the amount of interest you'll be paying is less than whatever costs you'll bear without the money
• you don't have cash available on a credit card (where for the same time period, you can pay it off without interest- only fees

You can get money in your checking account within 24 hours, (some places say 1 hour) but don't even bother looking unless you can prove income (at least $800 per month). There is no credit check, but they do want a pay stub.

If you are working, this is a short-term way to bridge a money gap. Do not let the loan rollover- the amount you owe will skyrocket.

Here are some payday loan direct lenders for you to compare. Do not worry about too many applications in too short a time for this type of loan- they won't be pulling any credit reports:

1. DMA Financial

   DMA Financial

2. Secure Moneystore

   Secure Moneystore

3. Team Quick Cash

   Team Quick Cash

4. Magic Payday

   Magic Payday

If you need more time to pay the loan back (or for a larger amount) you can try 100DayLoans.com, unless you live in Georgia, Virginia, West Virginia or Arizona.


Check out these important topics:

College PLUS loans

Education tax credit

Best private loan lender