Tips for Getting Student LoansTips for applying for and getting student loans is a page I will update often, so bookmark it to keep up to date. Student Loan Tip 1Immediately Fill Out a FAFSA4caster. This will get you started exploring your financial aid options and you can get an early start on the financial aid process. The information you provide there will be saved for you online. Tip 2You might be able to get financial aid from your state government, your school or a private scholarship. Researchnon-federal aid early (ideally, start in the spring of your junior year of high school). Be sure to meet all application deadlines! Tip 3Direct federal loans offer a grace period of six months, meaning no payments are due until six months after graduation or after the borrower becomes a less-than-half-time student without graduating.Check out everything I have on this site as there is bound to be something that will be of great help to you getting college financial aid. Tip 4You can also apply for aid from the college and your state. Many students are going to private lenders or online to look for financial aid. Remember you should always exhaust scholarships and grants and federal student loans before turning to private or alternative student loans, which often carry high and variable interest rates and may require credit checks. A variable interest rate is an interest rate that changes, usually annually. Never use a credit card to pay for your education.Student Loan Tip 5Take the time to thoroughly read and understand your application. If you do not read it and comply with the guidelines then your application will be discarded immediately.
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