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  • Borrow Smart Loan Packet - Joliet Junior College - Jjc

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20152016 Financial Aid Borrow Smart Loan Packet The purpose of the Borrow Smart Loan Packet is to equip our students with the understanding and responsibilities of requesting Direct Student Loans.

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How do I get a student loan for my child? Help your child fill out the FAFSA. One of the very first things you should do with your child is help them fill out the Free Application for Federal Student Aid (FAFSA). ... Take out a Parent PLUS loan. ... Consider private student loans.

Fill out the FAFSA form The FAFSA is a prerequisite for a student to get a federal student loan. If the student is dependent, parental information is required on the form. Signing the FAFSA does not obligate the parent to borrow or repay their child's federal student loans.

In most cases, it's best for the child to take out the loan in his or her own name, both because loan terms for students are usually more flexible and because if the parent cannot keep up with the loan payments, it could make it difficult or impossible for them to save for their other financial goals.

Federal direct unsubsidized loans are available to all undergraduate and graduate borrowers regardless of financial need, and there's no co-signer required. They don't come with a break on interest like subsidized loans do, so as an undergraduate, be sure to max out subsidized loans before turning to unsubsidized ones.

Apply directly with a bank, credit union or online lender. Your credit history affects the interest rate and repayment terms. Some private lenders may have specific loans for graduate students depending on field of study. You typically can borrow up to the cost of attendance minus any other financial aid.

You can get a private student loan without a parent, as well, but there's a pretty big catch. Private student loans generally require a creditworthy cosigner, but the cosigner does not need to be your parents. Someone else with a good or excellent credit score can cosign the loan.

If you don't have enough money to pay for college, a student loan will enable you to borrow money and pay it back at a later date, with interest. College loans are like any other loan that you may borrow in that you'll have to repay the principal with interest, though some offer favorable repayment terms.

Is there an age limit for receiving federal student aid? No, there's no age limit. Almost everyone is eligible for some type of federal student aid. The adult student still needs to complete the FAFSA form, and make sure not to miss any deadlines, just like any other student.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232