I want to apply for a Stafford Student Loan (I heard it was the best from Suze). How do I go about doing that?
November 6, 2010 by admin
Filed under Student loans
By Suze I mean Suze Orrman.
Student loans
How to get the best student loans
How to get the best student loans
November 6, 2010 by admin
Filed under Student loans
By Suze I mean Suze Orrman.
You need to complete the FAFSA. That is the main application for financial aid. You school will send you a financial aid award letter, and it will say whether or not you got a stafford loan.
You fill out the Free Application for Financial Aid. Once it’s accepted, the government will tell you what your expected financial contribution to your own education is. Next – you apply for financial aid at your university of choice. When they complete your financial aid award, it will indicate whether you are eligilble for a Stafford Student Loan. In most cases, you’ll be eligible for at least an unsubsidized Stafford Loan, but if you have unmet need, then you may even qualify for a subsidized Stafford Loan, where the government pays the interest until you begin repayment.
The most important piece to remember is you cannot just apply for a Stafford Loan – you have to have something from your Financial Aid office that says you are eligible. They will also tell you who their preferred lenders are; sometimes it’s easiest and most equitable to use them.
Everyone else really answered your question, but I just wanted to say I love Suze!!! Reading her book Young Fabulous and Broke totally helped me figure out how to get out debt, how to rebuild my credit and how to make a budget. She is awesome! Good for you for taking her advice and trying to get the best loan for yourself.
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