I'm starting community college in a few weeks and I got a grant that covered all my expenses, but I'm wondering if I could still take out a student loan anywyas cause I have some bills I want to pay so I can focus on school rather than working full time and struggling.
2006-08-28 14:30:12 · 8 answers · asked by smokewizzle44 2 in Education & Reference ➔ Financial Aid
Also, If I recieved the federal grant does that mean my loan would likely be subsidized or no?
2006-08-28 16:48:05 · update #1
yes, they know students need money while studying. go crazy and get yourself a car while u are at it.
2006-08-28 14:34:07 · answer #1 · answered by a_wuchang 4 · 0⤊ 1⤋
You can take out a student loan to cover most education-related expenses, even rent, but you couldn't use the proceeds to pay for a new car, for example. Remember that all loans come due and not being able to make payments when they come due can seriously ruin your credit. You might consider working part-time if you can swing it. Just because a loan is available doesn't mean you should take advantage of it.
2006-08-30 09:07:22 · answer #2 · answered by J.S. 2 · 0⤊ 1⤋
Student loans are intended to pay school expenses. That includes things like books, transportation, and the cost of keeping a roof over your head, not just tuition. So, you can take out student loans to pay those expenses.
2006-08-28 14:48:53 · answer #3 · answered by pag2809 5 · 1⤊ 1⤋
There are no aspects that provides you with funds to pay the bill. You suitable guess is financial help in case you have on no account get it until now. Beside that i do no longer think of there are any help available chew you lips and end college. As you suggested it is so close now you mustn't provide up!!!
2016-09-30 02:49:40 · answer #4 · answered by matlock 4 · 0⤊ 0⤋
Yes.... but i wouldn't do it if i were you.
If you decide to get a loan anyway, then get something small that you can pay off easily in a year or less. They will tell you how much you are approved for, but you can actually choose to borrow less than that amount.
This way you can possibly build credit for the future. But don't go overboard and get greedy. Remember, this can affect your future.
2006-08-28 14:38:14 · answer #5 · answered by Melissa Me 7 · 0⤊ 1⤋
I definately recommend http://www.consolidation-fixed-loan-rate.com They have a lot of good resources.
2006-09-01 01:09:48 · answer #6 · answered by Shone 1 · 0⤊ 1⤋
Yes, but remember you have to pay it back one day.
2006-08-28 14:36:41 · answer #7 · answered by Illy 3 · 0⤊ 0⤋
yes....they want your money!!
2006-08-28 14:37:18 · answer #8 · answered by crystalfaria11306 3 · 0⤊ 2⤋