Student loans?
Asked by wildchildI need to get a student loan. I have already gotten all the Federal Aid I qualify for. I am wondering if there are any loans that go directly to the student instead of to the school, as I need to take out more than just tuition. Is this possible?
Favorite Answer
Answered by sadie_mouzkawitz
You would have to go to your bank to do that. Those loans would have to be approved based on your credit history. Where as with the student loan thru the school. It is different. You sign a promissory note. Stating that 6 months after you graduate you will start return payments on it. What happens is they cut the check to the school after everything is payed for, the rest of the money is then sent to you from the school.
You would have to go to your bank to do that. Those loans would have to be approved based on your credit history. Where as with the student loan thru the school. It is different. You sign a promissory note. Stating that 6 months after you graduate you will start return payments on it. What happens is they cut the check to the school after everything is payed for, the rest of the money is then sent to you from the school.
