Fed Financial

Student Loans?

im 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?

Public Comments

1. listen to ur parent first then take the desisionwhich ever u take. but about a student loan i would suggest yes if you want to
2. Students who are looking for a bad credit student loan should pick three schools they are most interested in, talk to the admissions office, and ask what is needed to apply in their school.A bad credit<!--student loan is payable only after the student has completed his or her education, and has started earning a certain minimum amount. You can find more information on Student Loan here, http://badcredits.awardspace.com/student-loans.htm The minimum amount that the candidate of the bad credit student loan is required to earn has also increased. Bad credit student loans are available as both secured and unsecured loans-->depending on whether you are a homeowner or not. The rate of interest to be paid on unsecured bad credit student loans is higher than that on secured bad credit student loans. This is because the secured bad credit student loans are backed by your home as a security.
3. If you are eligible for any federal loans(via FAFSA completion)TAKE those.Interest rate is on ly 6.8% now, and you won't have to make any payments until 6 months after you graduate, even then your payments will range from $50-$100 per month and you have 10 years to pay them off...That would be the cheapest way....If federal loans (Sub and Unsub) don't cover full cost of tuition. Apply for a career training loan(your school should offer these, they are loans through a bank, not the gov't) and usually repayment begins 3 months after grad.
4. 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: http://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: http://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: http://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: http://www.studentfinancedomain.com/financial_aid/college_scholarship.aspx And here are some good sites that offer grants and scholarships: http://www.fedmoney.org/ http://www.freegovmoney.net/ http://www.grants.gov/ http://www.findtuition.com/scholarships/ http://apps.collegeboard.com/cbsearch_ss/welcome.jsp http://www.educationplanner.com/education_planner/paying_article.asp?sponsor=2859&articleName=Grants_and_Scholarships http://www.studentawards.com/ http://www.college-scholarships.com/ Good luck!
5. the best an CHEAPEST loans: I found interesting information about your answer, college loans, federal loans, scholarships, college grants here.http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.htmlGood luck!