Student Loans?
Asked by yungjafim a college student and i want to live on campus soon. i at home right now. whats the cheapest financial option (i.e. student loans or anything else) that would allow me to live on campus for the cheapest rates/ interest, etc. should i take a loan? if so what loan is the best and cheapest?
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Answered by recentgradtrish
You have two options: student loans or grants/scholarships. The best type of student loan to get is a federal government loan. Here's what you need to do to get one: 1) Fill out the FAFSA. This will determine if you are eligible for financial aid. Go here: www.fafsa.ed.gov/ 2) Once you are eligible for aid, choose a government-based student loan. The best loan to get is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it. For more info go here: www.studentfinancedomain.com/student_loans/perkins_student_loans.aspx 3) The next best loan to get is a Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan. Learn more here: www.studentfinancedomain.com/student_loans/subsidized_stafford_loan.aspx You can also try to get a grant or scholarship, which is free money that you won't have to pay back. You can read about them here: www.studentfinancedomain.com/financial_aid/college_scholarship.aspx And here are some good sites that offer grants and scholarships: www.fedmoney.org/ www.freegovmoney.net/ www.grants.gov/ www.findtuition.com/scholarships/ apps.collegeboard.com/cbsearch_ss/welcome.jsp www.educationplanner.com/education_planner/paying_article.asp?sponsor=2859&articleName=Grants_and_Scholarships www.studentawards.com/ www.college-scholarships.com/ Good luck!
You have two options: student loans or grants/scholarships. The best type of student loan to get is a federal government loan. Here's what you need to do to get one: 1) Fill out the FAFSA. This will determine if you are eligible for financial aid. Go here: www.fafsa.ed.gov/ 2) Once you are eligible for aid, choose a government-based student loan. The best loan to get is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it. For more info go here: www.studentfinancedomain.com/student_loans/perkins_student_loans.aspx 3) The next best loan to get is a Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan. Learn more here: www.studentfinancedomain.com/student_loans/subsidized_stafford_loan.aspx You can also try to get a grant or scholarship, which is free money that you won't have to pay back. You can read about them here: www.studentfinancedomain.com/financial_aid/college_scholarship.aspx And here are some good sites that offer grants and scholarships: www.fedmoney.org/ www.freegovmoney.net/ www.grants.gov/ www.findtuition.com/scholarships/ apps.collegeboard.com/cbsearch_ss/welcome.jsp www.educationplanner.com/education_planner/paying_article.asp?sponsor=2859&articleName=Grants_and_Scholarships www.studentawards.com/ www.college-scholarships.com/ Good luck!
