How do you qualify for student loans?

Answer 1

The application process may vary from bank to bank, but there are some fundamental steps to get one:-

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Requirements for availing an education loan

Step 1: The Education loan application form. ...

Step 2: Proof of admission into the college

Step 3: Schedule of expenses for the course

Step 4: Photographs (Usually passport size)

Step 5: Bank Account Statement of the Borrower for the last six months (If Applicable)

Step 6:Income tax Assessment statement of the guardian (Parents or Guardians)

Step 7:Statement of Assets & Liabilities of

Step 8:the co-borrower (Parents or Guardians)

Step 9:Proof of Income of the Guardian

Step 10:Identity Proof like Driving License, Passport or Voters ID for both the student and the Guardian

Step 11:Address Proof like Ration Card or Electricity Bill etc.

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Answer 2

Whatever you do, be sure to complete a FAFSA application first, to see how much in scholarships, grants and other funds you can obtain from your school and other sources prior to applying for loans and going into debt. Once you know what additional funds you'll need, apply for Federal student loans first, then private student loans. Avoid using credit cards and personal loans, if at all possible - they may have higher interest rates and may not offer the same borrower benefits as do Federal and private loans. There are two major types of education loans: Federal student loans (Stafford, PLUS, GradPLUS, Perkins, etc.) - These are student loans backed by the federal government, and require no credit checks. See the Department of Education's web site for a detailed list of eligibility requirements: http://www.studentaid.ed.gov/PORTALSWebApp/students/english/aideligibility.jsp?tab=funding //////////////////////// Private Student Loans - These are "unsecured" (no collateral) loans that are specifically structured for educational purposes. A good credit history is required, which is why you're encouraged to have a co-signer. Private loans can be used for virtually anything education-related, such as tuition, fees, books, laptop, commuting costs, room and board, etc. In addition to a good credit history, other private loan eligibility requirements include: * You must be either enrolled at an eligible school at least half time or on a continuing education basis * You must be the age of majority at the time of application * You must be a U.S. citizen or permanent resident. International students may apply with an eligible U.S. cosigner. For more information about private loans, see http://onesimpleloan.com/private_loans.asp Good luck!

Answer 3

Go to the related link

Follow the sites document download instructions. The document should provide all of the information needed concerning the qualification requirements in order to receive Federal Student Aid.

Note: There are plenty of privately funded student aid programs available. Start with any search engine. SEARCH:(State/Provence: Student Loans). They will all provide information on how to apply for, and receive student aid, through their organizations specific program.

Answer 4

There are certain things that you need to do to qualify for free education loans. You would need to sign up for a foundation from your university and then fill out the applications by their deadlines.

Answer 5

Student grants usually depend on parental income and will vary from grant to grant. It is worth asking a university if funds are available for other grants based on academic or sporting ability.

Answer 6

Yes, if you are eligible you can get an education loan