is it worth it? or do they keep ppl payin 4ever. I really wanna know from ppl who have tried. i can manage without it but i wanna take some of the load off my parents' shoulders...what should i do? tell me is it as good as they claim?
2006-08-18 03:37:47 · 12 answers · asked by glamorous B 3 in Education & Reference ➔ Financial Aid
If you can manage without it, then I'd suggest you do it without the loans. It would better than being in debt after you graduate and you won't have anything to worry about besides just trying to look for work.
If you don't like to burden your parents, just look for a job and apply to as many scholarships as you can. Even if you have to take a job during school and take long before you graduate, but at least you'd relieve yourself from paying back HUGE debt. Believe me, you wouldn't want to live like that knowing you still have to worry about paying $100 or more dollars a month(for so many years) and you don't know if you can keep a job or not especially now that companies are downsizing and no job is anymore secure(even if you have a degree).
I know alot are still paying off their loans even long after they've already graduated and it's not a good feeling at all(heard from friends).
So yes I suggest you stay away from student loans especially ones that have really HIGH interest rates.
2006-08-18 05:26:09 · answer #1 · answered by deep_crawl 3 · 0⤊ 0⤋
Yes, definitely apply for financial aid. If you get a subsidized stafford loan - the gov't pays the interest on the loan while you are in school. Also, the rates are very low and if you consolidate all your loans after graduation, your payments will be even lower. You can also pay more than the required payment when the loans finally become payable. If you do that, you will end up paying less interest.
2006-08-18 03:50:47 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Fill out a FAFSA at your college. If that doesn't get you enough money in grants, apply for a subsidised Stafford loan. The government pays the interest on this loan until you graduate or quit college. The rates are cheaper than other loans too. There are also unsubsided loans, but you pay them back right away.
2006-08-18 04:23:02 · answer #3 · answered by nursesr4evr 7 · 0⤊ 0⤋
If you have a choice, no. You can help your parents by applying for scholarships, instead (there are a lot of them out there). Unless you're looking to build your credit, don't take out any loans; save that for after you graduate and buy a house, car, etc.
2006-08-18 04:05:22 · answer #4 · answered by MeeT 1 · 2⤊ 0⤋
Finicial aid is good for you . Always keep that. It will help you in a long run so yea et it.
2006-08-18 03:44:07 · answer #5 · answered by Ms. Tazz 1 · 1⤊ 0⤋
it all depends on how bad off you are, I knew a person that got free fed aid!!! of corse they had no money and things but in there case it worked great!!
2006-08-18 03:44:04 · answer #6 · answered by Adam D. 6 · 1⤊ 0⤋
WEll if u can manage why can't you leave it for people who cannot manage?
2006-08-18 03:47:13 · answer #7 · answered by Tumze 2 · 1⤊ 0⤋
Try for scholarships such as
http://www.daylon.com/scholarship/
2006-08-18 05:16:47 · answer #8 · answered by nolyad69 6 · 0⤊ 0⤋
http://www.humba.org - scholarships are the way to go these days.
2006-08-18 11:56:49 · answer #9 · answered by Anonymous · 0⤊ 0⤋
GET IT! Low APRs
2006-08-18 03:41:56 · answer #10 · answered by TheSmartOne 2 · 0⤊ 0⤋