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financial aid for college


Question Posted Thursday March 27 2008, 12:16 pm

if the government gives you financial aid for college, is that the same thing as a student loan? does anyone know how that works? what is the interest rate and how long would it take to pay off? if they loan you about $22 thousand..

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ChevyIINova answered Friday March 28 2008, 10:32 pm:
Here's another site for applying for financial aid (not a loan, you don't have to pay it back)

[Link](Mouse over link to see full location)

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sugarplum07 answered Thursday March 27 2008, 1:44 pm:
[Link](Mouse over link to see full location)
[Link](Mouse over link to see full location)

Check out these web sites. They should be able to give good information.

It really is different for everyone. Paying it off could be a chore depending on how much interest is accumulated and whether or not you're making good money. Interest rates depend on where you get the loan from. It's not STRAIGHT from the government. You will have to choose a specific bank as your lender.

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