What month do most people apply for a private student loan if starting in the fall?

I am just curious because i start school in late September and i still haven%26#039;t spplied for one yet.

Also, is there usually money down required for private student loans?

What month do most people apply for a private student loan if starting in the fall?

january, when the fasfa is due, most usually look then

What month do most people apply for a private student loan if starting in the fall?

Hasty answer: now (if you need it). You will notice all the commercials for student loans on TV this month (blood suckers).

A little more detail: I would think the answer is %26quot;as soon as you need it,%26quot; unlike Federal loans, which are on timeline associated with the school year. Most Federal loans are approved in the summer and dispersed in the fall, this coming after you file a FAFSA early in the year and get an aid award from your school (which usually happens in the late spring/early summer).

The reason I bring this up is so that you might match your loans to the federal timeline, and decide to either take a loan out at the same time or stagger it so that not all the debt comes due at the same time.

Having said all this, I highly discourage private college debt (except for med school/law school).

Frankly, I don%26#039;t see how a person can%26#039;t find a way to scrimp by on federal loans (make sure you are maxing out federal loans before you go private). If you have that kind of need, you should be getting some grant money.

Remember, loans, federal or private, aren%26#039;t free like grants and scholarships. The more debt you take on, the crappier the job you will have to take when you get out, and the more likely yo will get locked into a career you hate just to pay bills.

Debt is a surefire way to become an indentured servant to a person that%26#039;s actually getting something out of being an American.

Appeal to your aid office for more aid before taking out a private loan--max out your federal stuff, but most off all, live as lean as you can to avoid debt to the best of your ability--never be comfortable taking a loan, and do so only grudgingly.

As for %26quot;money down,%26quot; I%26#039;m not totally sure what you are taking about, but you will have to make interest payments immediately with private loans and non-subsidized federal loans.

What month do most people apply for a private student loan if starting in the fall?

Maybe you can try below website to get the information you need. It%26#039;s about unique student loans solution for your second opinion.

Source(s):

http://www.1st-student-loan-consolidatio...

http://www.fafsa.ed.gov

What month do most people apply for a private student loan if starting in the fall?

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What month do most people apply for a private student loan if starting in the fall?

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