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How To Get Student Loans

Gordon Said:

How long does student loans take to get though?

We Answered:

You'll need to talk to your school. Once you file the FAFSA, your school will receive the results within 2-3 business days, and then they will send you a financial aid award. If this award covers your full tuition, you shouldn't need to pay anything ahead of time. If you start classes tomorrow, though, you need to get on the phone and call your school today to see where you are in the process.

Erik Said:

How can a student with several loans get approved for a home loan?

We Answered:

Please follow 2 things:
1. Try your best to put 20% so you don't pay that nasty PMI.
It is not tax deductible, and does not apply towards interest or principal. Like throwing away thousands a year.
2. Don't let the banks bully you into any mortgage that has the words "variable or indexed" interest rates. Stick to 15 or 30 year fixed.

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