A student loan allows a student to borrow money to pay for college expenses and repay later with interest. The college expenses include tuition fees, room and board, books, and supplies. Mainly there are two types of student loans that the student can apply for in the United States: Federal student loan and Private student loan. Read our articles to learn more about these loans. Please see below some great offers for private student loans.


FAQ

When applying for college, one must fill out FAFSA.

Student loan refinancing can be a great way to get your student loans organized and under control.

To be eligible for student loan refinancing, you will need to meet certain criteria. Most lenders require that you have a good credit score and a steady income to qualify. You will also need to have graduated from your program and be employed full-time. If you are not employed, some lenders may still consider your application if you have a cosigner with good credit and a steady income.

Depending on whether it’s a private or federal loan, you are given a grace period. For private loans, you typically have from 6 to 9 months. For federal loans, you need to

FAFSA needs to be filed once for every year that you spend in college. If it is not filed, then you will not be able to apply and receive federal loans/grants.

If you are a high school senior, then you have to apply for FAFSA while applying for colleges. For college students, FAFSA applications are open to submission starting from October 1st to June 30th. However, many colleges may have a deadline that comes before June 30th.

Free Application for Federal Student Aid is a tool used to get loans from the government specifically for college expenses. FAFSA can be used to attain Unsubsidized, Direct Subsidized, or Parent PLUS loans.

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