Hey y'all,
I have a question. So I was offered a full scholarship + a fairly significant stipend, but I would still need additional money for cost of living expenses. Do I take out small student loans for this? How would I go about doing so?
I'm totally clueless about all this since I am fortunate enough to never have dealt with student loans before. I appreciate any advice at all! Thanks!!
Full scholarship--do I need student loans? Forum
- cherrygalore
- Posts: 474
- Joined: Wed Oct 19, 2016 11:13 pm
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- Posts: 269
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Re: Full scholarship--do I need student loans?
I believe you can take out federal loans for the difference between your scholarship and the full cost of attendance (which includes living expenses). If you want to borrow beyond the school's estimation for living expenses, you'd have to take a private loan.
- cherrygalore
- Posts: 474
- Joined: Wed Oct 19, 2016 11:13 pm
Re: Full scholarship--do I need student loans?
Thank you! For federal loans would I go through FAFSA or whatever whereas a private loan would be through my bank or something?
Last edited by cherrygalore on Mon Feb 20, 2017 9:56 pm, edited 1 time in total.
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- Posts: 269
- Joined: Sun May 22, 2016 8:15 pm
Re: Full scholarship--do I need student loans?
Yup, just fill out FAFSA. Don't need to input parental information iirc.
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