Wednesday, May 26, 2010

Where do I get a student loan?

I need a loan to cover living expenses, how do I get it?



Where do I get a student loan?

Start out with the FAFSA. It is the initial financial aid form you fill out with the government. They take about 6 to 8 weeks to evaluate your award after you submit it to your school completed. Once that is returned then you will either be awarded a grant (you don't have to pay it back) a subsidized loan (they pay the interest while you are in school) or an unsubsidized loan (you accumulate interest while in school). If all of those sources do not cover your expenses (and they are justifiable) then there are plus loans and private loans that you can go to private banks for. There is no need to go to a bank until you have exhausted the governments programs, however.



Go to the federal financial aid website to get started or if you still have questions go to the financial aid office at your school.



BTW, schools often have a program (emergency loan) where they will lend you a little money to tide you over until this stuff gets processed. It is not very much usually, like $100 or $200.



Where do I get a student loan?

apply at a bank, i am going through the same thing



Where do I get a student loan?

The bank and sometimes the university has good literature about going through the process. The next step is graduating and paying them off. Have fun with that! (the keyword there is GRADUATE.)



Where do I get a student loan?

Bank, school financial office. Have you applied for a Pell grant? If your income is low you can get that and it doesn't have to be repaid

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