Using A College Federal Student Loan To Fund Your Education
It is possible to pay for college with a federal student loan. This is usually referred to as post-secondary financing option.
Applying for a Federal Student Loan for College is quite simple providing you follow the instructions on the application form.
The federal student loan program helps college students and their parents meet the cost of pursuing higher education. The first thing a student (or prospective student) needs to do is to fill out a FAFSA (Free Application for Federal Student Aid) form. It is available online or from the Financial Aid Office at post-secondary institutions.
The application is free and a student will not qualify for a federal student loan for college unless this application has been submitted. Within 30 days after submitting the FAFSA application, the student will receive a Student Aid Report (SAR) in the mail. A copy of the SAR is sent to the school the student is planning on attending.
Within two weeks after the SAR is received, the student will receive a letter from the Financial Aid Office of the school he or she is planning on attending. This letter...
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