A few days ago
watata

requirements for student loan?

i want to avail private student loan next year for college, i want to get the maximum from it like $40k a year! do they have a strict requirements? what if you have $50K savings????

anyone here who availed those loan like sallie mae, next student, nelnet, etc.?

Top 2 Answers
A few days ago
Staticx

Favorite Answer

If you already have 50k saved, why would you need a loan this year?

Edit: You usually ask for a loan for one college year at a time.

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A few days ago
tisha_48505
If you are an undergraduate that 40K is the amount you can take out over the course of your entire undergraduate career. The lenders only allow you to take out so much per yer. They do not allow you to take out the full maximum. You can go to the Department of Education website to get the maximum amounts you can take out per year.
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