Fed Financial

student loans?

In the Fall of 2008, I will be leaving for dental school for 4-6 years to become a dentist. I will be attending one of the 3 dental schools in Texas (either Dallas, San Antonio, or Houston). None of the dental schools have housing or dorms. I will have to rent a nearby apartment where ever I go. My question is what is the best way to pay for school and living while I am away at school? Do student loans pay for living expenses (rent, food, etc.)? Do you recommend any particular student loan organization(s)? Should i borrow from more than one student loan company or stick to one loaner? I need all the information you could give me because i know absolutely nothing about this. I know i have to go into debt, but I want to do it the smartest way possible. Thank you.

Public Comments

1. Student loans CAN cover living expenses, but usually if it is from the government, they send the money to the school first and you get whatever is left after your tuition is paid. However, Sallie Mae offers a loan called the Tuition Answer loan that goes directly to you. Its considered a private loan because it's not through the government. You can borrow from more than one lender because once you graduate you will consolidate your loans and pay off one LARGE loan. I would recommend you get a part time job and make some money for little expenses, but rely mostly on financial aid and loans for major living expenses. You want to be able to focus on school.