when do we apply for federal student loans?

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uhwrestler
Posts: 279
Joined: Thu Oct 22, 2015 11:44 pm

when do we apply for federal student loans?

Postby uhwrestler » Sun Jan 22, 2017 4:54 am

hello,

so i am assuming we apply for loans as soon as we decide what school we are attending and see how much funding we will get.
but is there a deadline or recommended timeline to apply for loans?
and should we go ahead and apply for fafsa now

cavalier1138
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Joined: Fri Mar 25, 2016 8:01 pm

Re: when do we apply for federal student loans?

Postby cavalier1138 » Sun Jan 22, 2017 7:37 am

You submit your FAFSA to any school where you've been accepted. Schools will inform you of the loan calculations. If the school has a specific time frame for releasing scholarship information, that's usually when you find out about the specifics of your loan.

But you really don't need to worry about how much you'll get. Assuming you haven't got the world's worst credit, you'll get the maximum amount for Stafford loans, and the rest will be Grad PLUS loans, up to the annual cost of attendance for the school in question.

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Mr_Chukes
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Re: when do we apply for federal student loans?

Postby Mr_Chukes » Tue Jan 24, 2017 12:59 am

Do it now. I did mine in November. Sent it to my top 10 schools. If you don't make it, you can change the school.

canafsa
Posts: 348
Joined: Sun Sep 04, 2016 2:50 pm

Re: when do we apply for federal student loans?

Postby canafsa » Wed Jan 25, 2017 3:11 pm

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Last edited by canafsa on Wed Feb 01, 2017 11:29 pm, edited 1 time in total.

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Mr_Chukes
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Re: when do we apply for federal student loans?

Postby Mr_Chukes » Wed Jan 25, 2017 3:21 pm

canafsa wrote:
Mr_Chukes wrote:Do it now. I did mine in November. Sent it to my top 10 schools. If you don't make it, you can change the school.



Is changing a difficult process? Should I include Harvard and Yale even if I have no decision as of yet?

I included it to all the schools I was really interested in, so they could calculate everything really fast. Changing is not a hard thing.




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