Student Loans...?
Asked by scarlettaI am looking to start school in about a year, and am wondering about the rules and regulations behind student loans. I would need approximately $40,000 for the school itself, then I have room and board and other school fees in addition to that. My main concern is that during school, I will definitely be unable to work at all, and I worry about my credit card monthly payments, and other bills that I will have at the time. Will the loans give extra money to take care of such issues, and other living costs monthly? Any and all information you have to offer is very much appreciated. I am very new to loans in general, so every little bit counts. You can also email me at arpsurvey@yahoo.com. Thanks!
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Colleges will let you borrow up to their cost of attendance which is higher than what your billable costs would be. For example you would be billed directly for room, board, tuition and student fees. Colleges add an extra amount for incidentals like books, travel and personal expenses. You can always ask the school you go to for an increase in the cost of attendance if you plan on borrowing for a computer or other major items needed for school. Hope this helps!
Colleges will let you borrow up to their cost of attendance which is higher than what your billable costs would be. For example you would be billed directly for room, board, tuition and student fees. Colleges add an extra amount for incidentals like books, travel and personal expenses. You can always ask the school you go to for an increase in the cost of attendance if you plan on borrowing for a computer or other major items needed for school. Hope this helps!
