A few days ago
Eri

Private student loan; do I borrow per semester, or per year?

Chase makes it look like it’s by year, but…I’m wondering what I’m supposed to do with the money for the next semester until I need to use it. Can I put it into a savings acount, or would that somehow get me in trouble with the lender…? Should I just borrow per semester instead?

Top 4 Answers
A few days ago
caba

Favorite Answer

Private loans and Stafford loans are award on a yearly basis, but you receive the money per semester.

Talk to a financial aid officer at your school for more information/guidance. Good luck!

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4 years ago
?
anybody can get financial help by way of filling out the fafsa in the form of low pastime, no cosigner mandatory, federal stafford loans. you will nonetheless ought to coach your mum and dad earnings and asset information, yet that may no longer going to remember. you will nonetheless get the loan. while you’re categorised as a Junior (ninety or extra hours) then you definately can borrow as much as 7,500 a one year in Stafford loans in case you attend the two the autumn and the spring semester. Your college gets this funds which will assist you pay on your instructions and costs. it may be divided in a million/2… a million/2 for each semester. in case you have any funds inspite of each and every thing your costs are paid, then you definately could get the type. in case you probably did no longer have adequate, you could ought to pay the type your self. you do no longer ought to take out a private pupil loan. inner maximum loans require you to have a cosigner and you isn’t authorized devoid of one besides.
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A few days ago
Anna C
Per semester might help budget the money better.
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A few days ago
Unique
per year
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