Applying For a College Loan
Attending college is an expensive venture that renders several students unable to continue with their higher education. However, there are other supplementary financial aids that a student can use to acquire enough money to proceed with college. Here is a good procedure to secure a college loan to pay for your education:
- Start learning the available options early. This can be done as a junior and in high school. This will expose you to the several sources that you can get this help. Before finishing high school, fill the Free Application for Federal Student Aid. This is a form that requests the government to aid you in paying the college education. Colleges also use these forms to determine whether they will aid the student further.
2. Get your personal identification number if you are intending to fill the FAFSA form. The PIN is normally applied for and sent to the officers in charge of the organization even before you leave high school.
3. Complete the FAFSA form before the deadline. Ensure that it is over by the beginning of January. The last date is dependent on the year you are applying and the mode of application you are following. Ensure that you follow the regulations set forth by the college. Some colleges require some personal background history to determine whether you are worthy of more aid.
4. By March, you will have gotten your Student Aid Report (SAR). Review the document carefully. It contains your financial aid report. If you notice mistakes like tax information, amend it on spot to avoid financial inconveniences in the future.
5. Be on the lookout for award letters.
- Sign the letter from the college you want to attend and decline the rest of the documents.
7. Once you have the letter chosen and the FAFSA aid is not enough, your former school staff can help you apply for supplementary aid. The college's financial aid office can also help you acquire more aid elsewhere.