Stafford loan rates are set by the government. Currently 6.8% fixed if you are a new student. Private loans will vary, but watch out for fees.
Go to your financial aid office.
2007-09-03 15:47:08
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answer #1
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answered by John 3
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The best student loans with the lowest interest rates are federal student loans. These are offered by the government. Here's what you need to do to get one:
1) Fill out the FAFSA. This will determine if you are eligible for financial aid. Go here:
http://www.fafsa.ed.gov/
2) Once you are eligible for aid, choose a government-based student loan. The best loan to get is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it. For more info go here:
http://www.studentfinancedomain.com/student_loans/perkins_student_loans.aspx
3) The next best loan to get is a Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan. Learn more here:
http://www.studentfinancedomain.com/student_loans/subsidized_stafford_loan.aspx
You can also try to get a grant or scholarship, which is free money that you won't have to pay back. You can read about them here:
http://www.studentfinancedomain.com/financial_aid/college_scholarship.aspx
And here are some good sites to check out:
http://www.fedmoney.org/
http://www.findtuition.com/scholarships/
http://apps.collegeboard.com/cbsearch_ss/welcome.jsp
http://www.freegovmoney.net/
http://www.educationplanner.com/education_planner/paying_article.asp?sponsor=2859&articleName=Grants_and_Scholarships
http://www.studentawards.com/
http://www.college-scholarships.com/
Good luck!
2007-09-04 11:26:39
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answer #2
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answered by Anonymous
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You are really in luck if you need money to pay for college. Federal Financial Aid is available for that exact purpose. The application process is very easy and you can also find out if you qualify for Federal Financial Aid rather quickly.
I am concerned though. It is already August, and if you are in need of money for school for the fall semester or sooner, it is very late to be applying. The first thing you want to do is fill out the Free Application for Federal Student Aid or (www.fafsa.ed.gov). You will then receive an award package indicating what you qualify for.
There are many types of Federal Loans and also Federal Grants that a student could qualify to receive. The best news for you is that Federal Student Loans have an automatic repayment period of 10 years beginning 6 months after you graduate, which also has the option of being extended after you graduate from school (check your FFELP Consolidation Program options). For more information on types of Federal Student Loans available as well as a link to the FAFSA application, please see the below link. You can also message us at studentaidlending.
Good Luck, I hope this helps!
2007-09-05 16:06:04
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answer #3
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answered by Student Loans 4
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Federal loans. about low interest rate : 7% is good; 6 and 5% Very good!. And 4% is a DREAM!
I found interesting information about your answer, college loans, scholarships, college grants & partime works here. http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.html Good luck!
2007-09-03 14:48:43
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answer #4
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answered by Anonymous
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