Where can I apply for a student loan, now that the government has cut the middle man "?
I want a loan to cover my expenses residence so that I can leave my job and go to school. This was a private loan before, but now that student loans have been reviewed, I do not know what it is over, let alone apply.
Spawned: Very little has changed in the process – Loans Government is always the same, and all limits are still there. Private loans are the same as always – they are a completely different type of loan, and they have not been removed or changed at all. The only practical difference to you that your school will be able to refer directly a link that you will use to complete your master promissory note (your loan), rather than having to charge you to choose your own lender. You apply for a Stafford loan the same way as always – by completing a Free application for Federal Student Aid. The information you provide on the form whether you are classified as a dependent student for financial aid, or as a student free. Do not make the common mistake of assuming that you are "independent" if you are "on your" own, or pay your own way. This is the definition of independent daily, but this is not the way that the financial aid system uses this term. You are independent for financial aid if you over 24 or married, or to provide the most support for children, etc. You are not independent because you have a job, or because you pay your taxes, or because your parents do you claim as a tax office or to help pay for school. You are entitled to borrow up to $ 5500-7500 per year as a dependent (depending on your year in school), and between $ 9,500 and $ 12,500 as an independent. Nothing has changed about these limits. If you need more than that, there are a handful of private lenders make loans for education, but it is very difficult to be approved for loans without a co-signer. These loans are on top of your government borrowing. And again – nothing on the rationalization of government loan of the new system has an impact on loans or the lenders who make them. The only difference for you is that you will not have to choose who to borrow your federal loan – it's automatically the U.S. Department of Education. Good luck to you!
