im a student and im moving to austin. i have money for apartment and stuff, but am considering getting a student loan. but i dont know anything about them, any advice? what kind of qualifications or what do i need to consider? i dont know much about loans. help, please.
2006-06-10 22:33:07 · 4 answers · asked by sball124 3 in Education & Reference ➔ Financial Aid
You can have the crappiest credit in the world and will still be able to get a student loan. It's not tough. You don't have to pay them back until 6 months after you've stopped going to school. But they don't care if you've quit school or have graduated. After the 6 month "grace" period, you need to begin paying them back. If you don't, they'll nail you.
2006-06-11 00:23:35 · answer #1 · answered by Bob S 3 · 1⤊ 0⤋
If you get the loan through your school, you probably do not have to have good credit or anything. If you go with a bank like Wachovia, you will need to have good credit and a job.
As far as paying them back, you do not have to start repaying until you are no longer going to school and the interest rates are very low on them.
2006-06-11 05:39:54 · answer #2 · answered by ? 2 · 0⤊ 0⤋
Sallie Mae's new website will walk you through what it takes to pay for college - everything from scholarships, grants, how to reduce your tuition bill, federal loans and private loans.
http://www.salliemae.com/before_college/students_plan/ways_to_pay/
2006-06-12 14:34:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I see were student loans have put students in debt to were they are enslaved by loans
2006-06-11 14:14:39 · answer #4 · answered by HEY boo boo 6 · 0⤊ 0⤋