Does anyone know of a certain type of student loans that will cover the cost of living?
Asked by Echo1975I need to finish my degree and certification, but it's impossible for me to work during that time.
Favorite Answer
Answered by MyAngelLou
The budget amount factors in the cost of living. This number is consistently higher than average, to allow for the ability of financial aid to cover the cost of attendance (tuition, room, board, fees & books). Very rarely does a school's initial financial aid package cover all costs, and you will need to procure some sort of private loan. Student loans are usually deferred until you are no longer in attendance (stop attending or graduate) and most interest rates are prime plus, depending on your credit. You may be able to find a fixed rate, even! Good luck!
The budget amount factors in the cost of living. This number is consistently higher than average, to allow for the ability of financial aid to cover the cost of attendance (tuition, room, board, fees & books). Very rarely does a school's initial financial aid package cover all costs, and you will need to procure some sort of private loan. Student loans are usually deferred until you are no longer in attendance (stop attending or graduate) and most interest rates are prime plus, depending on your credit. You may be able to find a fixed rate, even! Good luck!
