How To Apply for Student Loans
You may find you need to apply for student loans to help cover the rising cost of college tuition. After all, about 55% of bachelor’s degree recipients in 2020 graduated with at least some student loan debt.
This step-by-step guide breaks down how to apply for federal and private student loans, as well as additional funding sources to consider.
Note that federal student loans are generally better than private ones since they offer lower rates and flexible repayment terms. But if you need additional funds, private student loans can help.
Before you begin: Gather the paperwork
You’ll need to gather essential financial information when applying for college loans. The exact forms will vary based on the lender, but preparing in advance can help the process go as smooth...