Student loan?
I know I’ll need to get a student loan sometime during my university studies. I was just wondering how they work, what you need to get one and how long you have to pay it back. Any extra details would be much appricated.
P:S I am a planning on studying in the U.S but I live outside the U.S.
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Most student loans are limited to citizens or resident aliens of the US. You do not mention whether you are a US citizen living outside the US, or a citizen of another country.
If you are a US citizen, or resident alien (there are a couple of other types of non-citizens that are eligible…refugees for example) then you need to apply each year. The first step is the FAFSA and you can apply on line at http://www.fafsa.ed.gov. After that, there is more to do, but it varies depending on the answers on your FAFSA.
Good luck.
like mentioned earlier, you must be a us citizen or eligible non citizen to get student loans. Here is a good book that describes everything including the definition of us citizen and eligible non citizen. (look in the index in the back)
The Student Loan can help to finance your study. It’s made up of three parts – compulsory fees, course-related costs and/or living costs.
And if you are a international student who are planning to study in US. Students can apply for the loan program online or through internationalstudentloan.com website . You can borrow annually up to $70,000 for medical, dental, law or business school, and up to $50,000 for graduate and undergraduate study. International students are required to have a US Citizen or permanent resident as a co-signer to apply for this loan.
These loans also offer:
* Funds are disbursed directly to you!
* Loans are accepted at thousand of approved schools
* Competitive interest rates
* No application fees