How do you go about getting a student loan?

Question

And how hard it is to get one? Who can I approach? How do you repay them back? Please tell me! Thanks.

Answer 1

It all starts with the FAFSA. This will decide how much federal aid you're eligible for. If you know what school you're going to, you should also coordinate with your financial aid office. In general, you want to follow this 3-step process:
1. Get your free money first - savings, scholarships, grants, work study, etc.
2. Then get federal student loans. They are the easiest to qualify for (no credit check or cosigner for a Stafford loan) and generally offer the lowest rates and most generous repayment terms.
3. Then get private student loans to cover anything left. Private student loans are credit-based loans issued by banks, credit unions, etc. If you have a bad or no credit history, a co-signer will help you get a lower interest rate.

Be very conservative when you borrow, since you will eventually have to pay this money back. You can find a lot more information on paying for college from Sallie Mae. http://www.salliemae.com

Answer 2

You need to fill out a FAFSA form. Your school guidance office can help you or you can look FAFSA up online. Schools will use this form to determine what kind of financial aid you are eligible for, including student loans. Mostly Stafford or Perkins loans. Once you graduate from school you have six months before you have to start paying them back. You set up the terms, but most people pay them back over a ten year time period. Also, the interest on your loan is a tax deduction

Answer 3

First you'll need to fill out the FAFSA. Free Application For Federal Student Aid. This form makes your eligible for federal government student loans which typically are much cheaper to pay back than private student loans. While you're in college at least half-time you do not need to pay your loans from the government. Once you leave college or drop below half-time status you'll have a grace period of between 6-9 months and then repayment starts.

Answer 4

First You will need to apply to a university or college of your choice then you will need to fill out a Financial Aid form (FAFSA)
Click Here http://www.fafsa.ed.gov/ it may take about 2 or 3 months for them to see if they approve you. So apply early..

Good Luck

Answer 5

Fill out the FAFSA first to get subsidized loans. If you still need more....take out a private loan. Try http://www.thinkfinancial.com they are a great company and simple to deal with...Good luck.