How do I take out a student loan?
It completely depends on what you want to do and where you are. I don’t know what it is if you’re in America but if you live in the UK then… It is highly unlikely that the bank will give you a loan especially in the current financial climate, the interest would be extortionate and you’d have to pay it back whilst you were in education so you’d have to work anyway, so I’d scrap that idea If you want to do A-levels to then go to university then the best thing you can do is work during the day and do your a-levels at night over about 3 evenings. This means you can do the A-levels over two years and be able to afford it. The third option is doing something called either a foundation or an access course. Loads of universities do it, and you can do it over a year, in modules like Psychology, Biology, Chemistry, English, Computing, Maths etc etc and for this you can get funding from the student loans company. They pretty much throw money at you, which you don’t pay back until you leave and
You go to this website http://www.fafsa.ed.gov/ FAFSA – Free Application for Federal Student Aid This is how the school determines how much money from either grants, loans, or both you get. Going to your school’s financial aid is a waste of time. They’ll just tell you to go to this website and fill-out the application. They can’t help you unless you have done this. Through this website the application will be sent to all the colleges/universities you plan on applying to. You need your parents income taxes so be forewarned. If they make too much money you can’t get grants (money you don’t have to pay back) You can get loans in your name.
fill out the FAFSA online (www.fafsa.com) Also, you can get a William D. Ford Federal Direct Student Loan, Sallie Mae Student Loan, or Federal Family Education Loan. Contact the Financial Aid at your school ASAP and see what help they can offer. You can even get work-study jobs to help pay! People will say apply for scholarships, but the odds of actually getting one you apply for are extremely slim.
