I'm just wondering if you can get both.
2007-08-02 07:40:06 · 9 answers · asked by Miss. Worried 1 in Education & Reference ➔ Financial Aid
Yes, you can. You can have Financial Aid, scholarships, and loans all at the same time.
2007-08-08 19:27:15 · answer #1 · answered by christina J 4 · 0⤊ 0⤋
The answer is yes. In fact, if you receive financial aid, there's a better chance that you can get a Stafford loan. This is a loan that is deferred, meaning you start paying only until after you graduate, and has subsidized interest, which means the interest that builds while you're in school is paid by the government. What's even better about Stafford loans is that, pending on your major, you may qualify for loan forgiveness. Although a long and painstaking progress, it's way better than paying back a loan. It took me two years to get the ball rolling and I now I received both financial aid and a student loan. It really helps; just don't forget that loans are borrowed money. You may have to, at some point, pay them back. There are many private loans, but the interest is really high. Also, currently, there is a bill in Congress right now ready to be passed for loan forgiveness programs available to anyone. Taking out a student loan is not a bad idea at all. Go ahead-hope it turns as well as it it did for me.
2007-08-02 08:07:27 · answer #2 · answered by Rolando from southern California 2 · 0⤊ 0⤋
Yes. Your school should have given you an estimate of total expenses for the coming school year. If what you were offered in aid doesn't cover all your costs, you can get a private loan for the rest. Your financial aid office should have at least offered Federal Stafford loans to you along with whatever grants you've received, they usually help. In my case, I've used the CAL loan (College Access Loan). I don't think there's a limit on how much you can borrow and I think they're compatible with most other private lenders. In most cases, you have to have a co-signer (usually a parent). Their website is www.hhloans.com.
Good luck!
2007-08-02 10:03:17 · answer #3 · answered by Amber R 1 · 0⤊ 0⤋
Some schools consider loans part of financial aid. And if you want to borrow more than the school and government says that you need, you might not be eligible for federal loans (they have lower interests rates). So you might have to get loans with private companies. First try to contact your financial aid officer at school before you do anything.
2007-08-02 17:50:59 · answer #4 · answered by XxOrchidxX 2 · 0⤊ 0⤋
Listen to Lighthouse. The others are out to get you, not help you.
Financial aid means grants and loans. If you dont currently have a loan, then you should be able to apply for stafford. Go to your financial aid office for help. They will direct you.
2007-08-08 14:30:13 · answer #5 · answered by John 3 · 0⤊ 0⤋
Maybe you can try below website to get the information you need. It's about unique student loans solution for your second opinion.
2007-08-02 15:51:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I found interesting information about your answer, college loans, scholarships, college grants & partime works here.
http://all-student-loan-consolidation.blogspot.com/2007/07/scholarships.html
Good luck!
2007-08-03 09:33:01 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Stay Away from these so-called private internet lenders,THEY ARE SCAM ARTISTS!!!! If they are asking you to pay upfront fees,THEY ARE SCAMS! Report these crooks to the IC3 division of the FBI and to your states ATTY. Generals office.Do Not fall prey to these frauds.REPORT THEM ALL!!!! to the proper authorities.IC3/FBI and ATTY. GENERAL
2007-08-06 15:59:40 · answer #8 · answered by Anonymous · 0⤊ 0⤋
yes you can... i do
2007-08-02 07:43:33 · answer #9 · answered by bekka t 1 · 0⤊ 0⤋