What about repayment? Is the bureaucratic overhead prohibitive?
2006-08-25 15:30:19 · 4 answers · asked by Ejsenstejn 2 in Business & Finance ➔ Credit
No, I got one with no problem. It's as simple as filling out the FAFSA and waiting for your school to determine your financial need. They usually give you a grace period of 6 months after you graduate to find a job and start repaying the loan. They have some awfully long repayment terms, but if you don't keep up with your payments it can mess up your credit.
2006-08-25 16:05:37 · answer #1 · answered by lilkracker78 3 · 0⤊ 0⤋
you're literally not certain a Stafford personal loan basically because your EFC is $0. There are different concerns, as an example once you've been convicted of particular offenses at the same time as attending college before, once you've registered for selective service if male, if you're antisocial in previous student loans, etc.
2016-10-15 21:35:02 · answer #2 · answered by hafner 4 · 0⤊ 0⤋
No, it's easy and your school financial aid office can help select a lender and process the paperwork. They determine what you qualify for based on your FAFSA form and you just sign the note. Repayment starts 6 months after your leave school or graduate.
2006-08-25 15:38:54 · answer #3 · answered by The Big Shot 6 · 0⤊ 0⤋
if you are unemployed or a minority they will hand you one...otherwise if you make more than $5/hr forget it! they'll say you make to much!
2006-08-25 15:36:20 · answer #4 · answered by viewAskew 5 · 0⤊ 0⤋