What Is A Student Loan?
A Student Loan is money that you borrow to pay for post-secondary education expenses including tuition, room and board and books with the promise to pay the money back along with interest on the borrowed amount.
There are many kinds of Student Loans. Some are administered by the Federal government, some are administered by the state, some are administered by colleges and universities and others are administered by private lending institutions such as banks. However you go about funding your education, there are a few important things you should do:
1. Fill out and submit a FAFSA (Free Application for Federal Student Aid).
2. Contact your state higher education agency to see what state-sponsored loans
may be available to you.
3. Explore other ways to save money for college
For more information about Private Student Loans, click here.
For more helpful Student Loan information, please see the link below: