Applying For A Loan

Apply For Student Loans
applying for a loan

The first place you should go is your college or university’s financial aid office. Assuming you applied for financial aid when you applied to the college, you will already have a financial aid package in hand. It may contain grants, or work-study, or federal or private loans for which you can apply.

If you’re wondering, before applying to college, how you’re going to pay for it, here’s the scoop:

If you’re still in high school make sure you’ve applied for every scholarship for which you’re eligible through the high school.

Fill out a FAFSA. This is a Free Application for Federal Student Aid. It will tell you whether you’re eligible for federal student financial aid like Pell grants and work-study programs. You’ll need current tax documents to fill out a FAFSA – either your own, if you’re independent, or your parents. The FAFSA may get you money that you don’t have to pay back or money that’s the “cheapest” to pay back. You’ll learn more about the FAFSA through your college.

Okay, you’ve done your homework and you’re up to . The first loan to apply for is the Federal Stafford loan. They’re sponsored by the federal government and offer low interest rates and a long time for repayment.

Have your parents consider the Parent PLUS loans which are federally sponsored loans for parents of students.

The last place to turn is to private student loans.

The key to college financial aid and loan applications is the FAFSA. You can find this online easily and certainly you will be informed about it through your college or university’s financial aid office. The FAFSA will help your college find all of the federal money, and scholarships and loans through the college itself, for which you’re eligible.

After dealing with the college for financial aid, you’ll want to through private lending institutions such as banks. Private student loans are also called personal student loans or alternative student loans.

The “cheapest” and hardest to get student loans are available to students who have great credit histories and who also have a cosigner with a great credit history. These loans sometimes offer a low interest rate and high fees. It’s often better to take a loan that has a slightly higher interest rate and low or no fees.

The best place to get information to apply for student loans is the financial aid office of your college or university. The office will tell you what “free” monies might be available to you and then help you apply for federal financial loans and finally, the loans of last resort, private student loans.

Kevin’s Loan

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applying for a loan

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applying for a loan question by Samantha Green: “What website can I go to apply for a government loan?”?
I have a friend who applied for a government loan and didn’t have to pay it back because of low income. Do you know the website to apply for it?

applying for a loan best answer:

Answer by Common Sense
Ask your “friend”. I doubt this actually happened, as teh government doesn’t give loans except for tutition.

How Important Is Your Credit Score When Applying For A Loan

** Visit BayAreaConnect.com to stay updated on Santa Clara County real estate news ** This is Thomas Feng with Bay Area Connect and I am joined this week by Celeste Martino of WesternBancorp. Today we will be talking about the first step a loan agent takes when they first receive your mortgage loan and application. This first step consists of a consultation with the buyer and the pulling of their credit. We will break down what a credit score is made up of and some simple ways to help boost your score to get into the best loan packages. How Important Is Your Credit Score When Applying For A Loan -0 What is the first thing a loan agent does after receiving a loan application -1:08 How can pulling your own credit report be misleading -2:09 What is a credit score made up of -3:40 What should home buyers pay attention to when looking at their credit report -5:15 Why should you be in contact with a lender early on in the home buying process -5:30 how do credit thresholds affect buyers applying for a loan Have a question about real estate?? Leave it below and I will address it in one of my future videos! Visit our Blog at BayAreaConnect.com to stay updated on how the Real Estate Market is changing in the Bay Area.
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