A few days ago

paying for college, student loan?

i graduated from hs in 2005 from another country. now i go to a community college in nj (part-time). i work full-time. i wanna ask:

1. how do i get a student loan to finance my education? i wanna start studying full-time but if i still in the job i have right now i don’t think i would have time to study but if i work part-time i couldn’t afford it. what student loan would you recommend? what’s the relation between it and IRS?

2. would FAFSA still approve me if i have loan?

3. i bought a car that i still have to pay-off about $6000. can i use the loan for that?

4. how much would it cost me if i start from community college (like i already did) and then get my associate degree then transfer to a 4yr univ? (how much a year?)

5. how do i pay back the loan after i graduate? (per month? how much and how long?)

i also would like to hear your experiences in funding your education with student loan and how you pay them off. thanks

Top 9 Answers
A few days ago

Favorite Answer

1&2. Once you fill out the FAFSA form(below is the website for the FAFSA), it will tell you if you qualify for a federal student loan or not. Fafsa has nothing to do with a credit check at all, if that is what you mean by having a loan. The relationship between FAFSA and the IRS is that you will need to provide proof of income for last year, most people use tax returns.

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.


A few days ago
1) There are several ways. As for what is best for you, take a trip to your schools financial aid office, and see what they recommend. (Specific to your situation/institution)

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.


A few days ago
You cannot be turned down for federal financial aid. Fill out your FAFSA, put on it all the colleges that you plan to apply for (you don’t have to apply to them first or even at all if you change your mind) Your FAFSA is just a tool to let the schools know how much you can borrow (it depends on income, age, married/single ect).

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.


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.


A few days ago
First, are you not a US citizen? I ask since you said you received your high school diploma from another country. If you are here on a student visa (F1/F2/J1/J2/G) then you are not eligible to apply for aid through the US government. You should check out http://www.edupass.org which is a website of information for international students studying in the US.

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.


A few days ago
Try to get most of your funding not from loans(which you will have to pay of as well as interest) but through scholarships and grants.

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.


5 years ago
Well, intelligent people know that he is telling the truth because we’ve seen his tax records which show that he and his wife didn’t finish paying off their student loans until he entered congress. Meanwhile, you ignore the fact that Romney got a free ride on daddy’s money, but thinks your kids are lazy for supporting the continuation of pell grants and low interest student loans.

A few days ago
Maybe you can try below website to get the information you need. It’s about student loans for your second opinion.

A few days ago
dan the man
you can use a loan for anything you want! you can get about 6500 a year in loans and also look for pell grants and other grants also to help you. i am now 16,000 in debt, and will be 20,000 when i have to start repaying them. it will cost me 150 a month for like 12 years to pay them off!

A few days ago
Your best bet is to go to the financial aid office at your school. They will be able to guide you through the process and answer your questions.

There are federally funded student loan sites worth looking into:





A few days ago
It depends upon the time & amount u need, & the company of course. U can find all these details by meeting advisors of different banks & financial institutions. To meet their executives u can fill forms with dfferent cos. on this site


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