Fed Financial

Student loans?

When is a good time to start looking for student loans? Who is the best to go to when it comes to student loans?

Public Comments

1. Don't go to college! It's a rip off. I'm 30 and I still owe 25,000. DON'T DO IT!!!
2. your school can give you a list of frequent participants.
3. I just went to a tech school and went thru their financial department and applied for when I was registering for classes. Don't listen to the guy above ^^^^. Go for what you want, but you have to remember that you have to pay these loans back eventually and will need the salary to do so. I was able to pay mine back within a couple years of being done with school. I kept the loan amount to a minimal and I worked while going to pay for it with cash.
4. Fill out your FAFSA first because you will probably get all the loans you need directly through that. Do it now if you plan on attending college this fall. www.fafsa.ed.gov
5. As soon as you've heard back from all the schools that you applied to (you don't have to know which one you're going to just yet, just get all the acceptance/rejection letters first) go to FAFSA you can either get a paper copy of it in your guidance counselors office or you can apply online at http://www.fafsa.ed.gov/
6. loans are terrible. try to go to a state school or don't borrow so much. it is a trap.
7. Try to avoid private loans, which generally have higher interest rates than government loans and cannot be consolidated. All you have to do is fill out a FAFSA (Free Application for Federal Student Aid) after you've been accepted to the school you'll be attending. You'll then be given an amount that you are eligible to borrow and you can either accept or decline that amount. From past experience (I have a B.A., an M.A. and a J.D. and tons of student loans to show for it!), try to keep your borrowing to a minimum. It's easy to let the amount pile up when you don't consider how painful repayment can be!