January 31, 2008

School Loan Process - What to Expect

The time leading up to college is a busy one that has some very complicated things going on. What classes am I going to take? Where will I live? Will I have a crazy roommate and how am I going to pay for this thing? You will also have to go through the student loan application process, which can be confusing and overwhelming. Simply put, be ready for tons of paperwork and enjoy taking action in order to get that loan.Federal student loans require you and your parents to go through a ton of financial analysis in addition to filling out additional questionnaires. If you are the typical high school student, then you will undoubtedly need some help to get through the process. There will be choices that have to be made. Are you going to apply for your school loan by yourself or are you going to use your parents’ credit in order to obtain the loan? Do you qualify financially on a need basis for this loan? These are things which you will have to discuss with your parents, with your accountant, and ultimately with the student loan companies.FASFA, the Federal Application for Student Financial Aid, is something […]

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