Question : How soes taking out a student loan work?
I'm planning on starting college soon. I'll need some money. Do I go to the college and ask for a receipt of the estimated costs? Does the bank need a receipt? What should I bring to the bank for4 taking out a student loan? Are the interest rates for student loans high? Sources?
- asked by Skywarn storm spotter MAN-477A
All Answers:
Answer #1
Any question with the word "loan" in it gets lotsof spam on this site; please don't fall for loanoffers. The bank or the college's financial aidoffice can answer a lot of your questions - checkout their websites. I think you also need tocomplete the FAFSA before applying for any studentloans. A subsidized loan is preferrable to anunsubsidized one, as the government pays theinterest while you're in school. Don't forget tolook into grants. It takes a little work to findthem and apply for them, but it's money you don'thave to pay back.
- answered by Alex
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