<p>Hello guys</p>
<p>I’m in the first semester of college, and I would like to know if there is a way of getting a student loan. Do student loans have interest on them? Please let me know how I would be able to get a student loan.</p>
<p>Thanks</p>
<p>Yes, there are ways. This is basic stuff…</p>
<p>Your first search should be about Stafford loans. There are subsidized and unsubsidized loans. You want the subsidized loan which do not accrue interest (the government pays it) while you are in school. The unsubsidized loan does accrue interest while you are in school, but you do not need to pay until after you graduate. It is a raw deal compared to the subsidized loan…
Amount varies per year of school…</p>
<p>See this website for a nice FAQ on Stafford Loans: <a href=“What is a Subsidized Student Loan? | Edvisors”>What is a Subsidized Student Loan? | Edvisors;
<p>Your other options are private loans, but those are more complicated and harder to get.</p>
<p>arya,</p>
<p>If you want information regarding student loans, your best bet is to:
A: Contact the Financial Aid Office at your Institution
B: Visit studentaid.ed.gov and fafsa.ed.gov</p>
<p>I would not visit staffordloan.com as that is a lender site and may not provide you with the most accurate of information. The two sites I listed are federal sites run by the Department of Education, who oversee the Stafford Loan program.</p>
<p>Thanks for that clarification.
That FAQ is accurate AFAIK though. However, a non-lender site is a more unbiased source.</p>