Monday, May 4, 2009

Student loans?

I have some questions about student loans?





1. How much can you borrow on a yearly basis for a student loan?


2. Can a person have more than one student loan?


3. Can I use the money to live off campus?


4. Does a person have to be a full time student to get student loans?

Student loans?
i believe it might b different according to the state. u can borrow as much money as u want and take out as much money AS THEY LET U. also depends on which loan. u can have different loans, grants, scholoarships. for question # depends on the loan. most good loans r offered for full time. if u become a part time student u can lose the loan. again it all depends on which loans u want and what the state offers. u need to talk to ur guidance counselor or the colleges' financial aid dept.
Reply:1. They will only let you borrow what you need to cover school expenses.


2. Yes, you can have more than one student loan, but it is uncommon.


3. No, you cannot use the money to live off campus (or at least they won't approve you for that use). You should consider getting a part time job.


4. You do have to be a full time student to get a student loan.
Reply:very intereting question.Suggest you have a look here for useful tips.http://studentloan.online-helpers.info/c...
Reply:There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In most%26lt;!--instances the FAFSA is required for all federal financial aid including federal student loans. Deferment options are available while you are still attending school at least half-time. There are four main federal loan programs.





http://best-loans.awardspace.com/student...





Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan--%26gt;you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.

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