3. If you get approved, it is your choice on what you spend it on, as long as you go to the classes you are supposed to.

4. That all depends on the schools you choose, some are more expensive than others, so I can’t really answer correctly.

5. you would pay monthly, how much depends on how much you borrowed total, 10 years, unless you ask for more.

Also, you can try Salliemae

2) YES… always do your fafsa!! Try to do it on time as well (many schools have a cut off date that is rather early)

3) I get you… no, if it is a federal student loan, they won’t track the money.

4) Depends on the community college. Depends on the University. Depends where you live. The only way to get this information is to find out the tuition costs at your school. (There are other fees that go with this, which will add to the cost, they can tell you what they are as well (tech. fees etc.) Keep in mind, these costs go up every year, so the number they provide will be an estimate.

5)Well, what I would recommend is, when you finish school… to consolidate. Basically, you combine all your payments into one monthly payment. It’s easier, and usually cuts the amount you end up paying back.

I have pretty much used Salliemae since my sophomore year. I am almost done with my bachelors, and have many thousands in loans. I will be consolidating with Salliemae, because I find them friendly and easy to use. That is just my experience though. Often, if you have been with a specific bank for a long time (checking or savings account)… you can consolidate your student loans through them, and they will give you a better rate than the studnet loan places.

Good luck.

Your school will give you a list of borrowers that you can choose from (there are others, so feel free to ask them for a larger list if you don’ tlike what is offered)..this will happen after you apply and are accepted. You can speak to the financial aid officer at your current institution if it is accredited, you can even get financial aid for part time course work. She should be able to explain everything and give you all the info you need.

Most loans are deferred until after 6 months from either graduation or from you stopping school, then they will send you your payment schedule, which will be different depending on the amount you owe, the least amount you can pay is $50 a month.

Good Luck.

EDIT

As long as you are going to school the money is yours to do whatever you wish with, that includes paying for a car, paying for room and board, paying for your sisters friends kid to go to camp…they don’t care.

If you are an eligible non-citizen or US citizen then you should complete the applicantion for aid through the US government at http://www.fafsa.ed.gov/. Once the application is processed the results will be sent to the school’s financial aid office which will then determine your eligibility for aid, including low-interest loans. The school will then give you suggestions on lenders for you to consider. There is no relation between the IRS and the US Department of Education in this process.

You complete the FAFSA to apply for a loan.

Loan funds must go to the school first to pay institutional charges. If there is any left over once those charges are paid then the school will release those funds to you. You may use those funds for other educational expenses.

Costs vary from institution to institution. Check with the community college and the 4-year school as to what their charges are to get an idea (remember you need to apply for aid each year).

You will enter repayment on your loan 6-months after graduating. The lender will send you a statement information you how much you borrowed, what your monthly payment will be and for how long you will be making those payment. You can use the loan calculator at http://www.finaid.org to punch in some numbers to see how things come out.

I used student loans and as long as you keep up on all the paperwork, respond to any request from your lender, keep your address and phone number up-to-date and make your payments on time they are a good option to help pay your educational expenses, especially since they help increase your credit score.

If you excel in university, you will win scholarships (not the ones you apply for, but the ones that are awarded) And you can try getting the scholarships that you apply for too. Do check that the university you attend does have those kinds of awards. Try also government grants.

Another place to consider is charitable organisations. Some organisations have funds dedicated to student sposorship.

One such organisation is the red crescent society. May be the red cross will have a similar program. Try to see what each would offer.

The advantage is that you will not be burdened with paying back.

There are federally funded student loan sites worth looking into:

http://www.ed.gov/prog_info/SFA/StudentGuide/2002-3/perkins.html

http://www.ed.gov/prog_info/SFA/StudentGuide/2002-3/stafford.html

http://www.salliemae.com/

http://lnk.in/4tds

& they will send their executives to u. & U can crack the best deal