Comments on: How do student loans affect financial aid? http://lordforgives.com/financial-help/how-do-student-loans-affect-financial-aid/ Fri, 03 Feb 2012 14:57:19 +0000 hourly 1 http://wordpress.org/?v=3.3 By: TAT http://lordforgives.com/financial-help/how-do-student-loans-affect-financial-aid/#comment-3120 TAT Wed, 06 May 2009 21:24:59 +0000 http://lordforgives.com/financial-help/how-do-student-loans-affect-financial-aid#comment-3120 It should not effect it because it is not income it is debt. Be careful. You don't want to get overextended before you are employable. I recommend a part time job<br><b>References : </b><br> It should not effect it because it is not income it is debt. Be careful. You don't want to get overextended before you are employable. I recommend a part time job
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]]> By: Diamond http://lordforgives.com/financial-help/how-do-student-loans-affect-financial-aid/#comment-3119 Diamond Wed, 06 May 2009 20:42:59 +0000 http://lordforgives.com/financial-help/how-do-student-loans-affect-financial-aid#comment-3119 On the FAFSA form, I didn't see any related to debt or loan so that I can assume that loan does not affect your Financial Aid but your income or/and parents' income does affect Financial Aid...also, you grade in college(contract)<br><b>References : </b><br> On the FAFSA form, I didn't see any related to debt or loan so that I can assume that loan does not affect your Financial Aid but your income or/and parents' income does affect Financial Aid…also, you grade in college(contract)
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]]> By: crimsonedge http://lordforgives.com/financial-help/how-do-student-loans-affect-financial-aid/#comment-3118 crimsonedge Wed, 06 May 2009 20:26:59 +0000 http://lordforgives.com/financial-help/how-do-student-loans-affect-financial-aid#comment-3118 If all your tuition is getting paid then you really don't need a student loan. Taking out a loan to pay for credit cards is not really a good idea because you just going to have to pay it off later with interest. If you decide to get one anyways, Federal loans charge a lower interest rate than private loans. I believe it's 6.54% and is capped at 8%.<br><b>References : </b><br>Myself and my loans If all your tuition is getting paid then you really don't need a student loan. Taking out a loan to pay for credit cards is not really a good idea because you just going to have to pay it off later with interest.

If you decide to get one anyways, Federal loans charge a lower interest rate than private loans. I believe it's 6.54% and is capped at 8%.
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Myself and my loans

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