Student loan check question?
View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.
I'm considering taking out a student loan for the first time and my questions are:
1/ are there any student loans / loan providers that gives the money/ check directly to me and not to my school??
2/ Does it matter if I'm already in dept on credit card my $2,000?
3/ Is there a min. that I have to loan because I only want about $5,000~10,000.
4/ What's this type of loan called if not Stanfford loan or PLUS loan?
5/ I still pay the loan either as subsidized or unsubsidized?
6/ Any good lender that provides a low APR??
Thank you so much!
Student loan check question?1. No, there are no student loan lenders that will give the money directly to the school, especially if it is a federal student loan. On federal student loans, it is a requirement that the funds go to the school first. Most private or alternative education loans also require disbursement to the school and the check will be either copayable to the school and the student or just to the school alone. Only if you took out a private personal loan would the funds go directly to you, because this types of loans have nothing to do with school certification of educational costs.
2. For federal student loans there is no credit check involved, so none of your credit history will effect your eligibility. To qualify for a federal student loan you must file a FAFSA, complete your file at the school you are attending, meet satisfactory academic requirements of you school, and be enrolled at least half-time. Then you complete the loan process at your school's financial aid office--each school can have a slightly different process so contact their offices prior to completing any applications. If you are applying for an alternative loan, then credit will be a determining factor. You may also be required to have a cosigner depending on your credit history.
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.