Types Of Student Loans?
Asked by MEI am very confused on the student loan thing. I could NEVER afford to pay just straight up for college (i'm going to a technical one, starting in august). But I dont even know how I could afford to pack back loans either. My mother has pretty bad credit so I dont even know how I would get a loan. Why isnt it my credit and not hers? It's not like I'm 16. If I got a part time job do you think I would be able to get a loan on my own. I'm getting worried that I'll never be able to start college becuase I will not be able to afford it. Are there different types of loans? Or like would it be easier for her to get a student loan for me then say a pesonal loan? Like could there be hope? I dont want to give up hope yet.
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Answered by Mrs. Murphy
There are many types of loans. Depending on where you are writing from, there should be some type of Federal loans. I know in the US there are two types of Stafford loans (Which is the federal loan program) The subsidized and unsubsidized. There are annual limits on both so depending on the cost of your program there may be a balance. I could go on and on about your various options but i believe your best bet is to talk to your financial aid officer. That is why the school hires them, and we are full of information. the most important thing about financial aid is that you MUST ask questions. Set up an appointment and talk with them until they answer the questions so you can understand them. Good luck =)
There are many types of loans. Depending on where you are writing from, there should be some type of Federal loans. I know in the US there are two types of Stafford loans (Which is the federal loan program) The subsidized and unsubsidized. There are annual limits on both so depending on the cost of your program there may be a balance. I could go on and on about your various options but i believe your best bet is to talk to your financial aid officer. That is why the school hires them, and we are full of information. the most important thing about financial aid is that you MUST ask questions. Set up an appointment and talk with them until they answer the questions so you can understand them. Good luck =)
