How does a student loan work?
I want to apply for a loan but not sure how to start and how it works. Can someone explain to me the different type of loans?
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Answer by scrappysmom
go to www.FAFSA.ed.gov.. fill it out and it will tell ur school how much u are eligible for grants and loans.. there is a perkins loan (which almost nobody qualifies for),, stafford subsidized (govt pays the interest in school and in deferment) and unsub. stafford.. they don't pay the interest. There are several private loans but they are based on credit, and require a co signer. FAFSA is self expanatory... U can request a pin # and do it online or fill out papers and send it in.Loans will not be due until u are out of school 6 months..
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Phone Call with President about Student Loans
Image by MDGovpics
Governor O'Malley takes phone call with president about student loans by Tom Nappi at Governor's Office, State House, Anapolis, Maryland
Orignal From: How does a student loan work? and Phone Call with President about Student Loans
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