Posted on January 23, 2010.
What type of loan should I get when I go to college? i herd that you should not get private loans because they can change their interest rates and other things.
but in general, what kinds of loans you recommend?
There are two different types of loans and private loans, federal loans. The federal loans are much better - the interest rates are fixed and usually much lower, but they depend on your income. In general, if you or your parents earn too much money you can not get it and are stuck with private loans.
You should take some form of loans if possible. There are federal grants that you may be eligible for addition to loans, but they have declined in recent years. Complete the FAFSA as soon as you can, you know what fed. loans and grants, you can get.
Also look for scholarships from private sources, your state (especially if you go to a local / state school), and through your college. There are tons of scholarships random that you may be eligible while a member of a certain group / race / college major, etc., or writing an essay, etc. Just find them and apply:) Try googling College Scholarships and also claims the school counselor.
u have to pay the loan at some point ... I have subsidized Stafford loans for my education ... stay in school and study hard as u off in no time ... but get a degree ...
Keep you up! obtaining grants and scholarships .. as much as you can.
I recommend not getting the loans, if possible. Spend as much time as you can get subsidies, even if they are only a few hundred dollars.
If you need loans, meeting with government loans, they are much more stable and a little more lenient than private loans.