Student Loan

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[Post New]02/01/2022 11:30
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Anonymous
We have paid 1st year for our DS, but he will have to take loan going forward. How does this process work, what is the best loan options available now?
Thank you in advance
[Post New]02/01/2022 14:15
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Anonymous
FAFSA. There are federal loan limits both per year and for undergrad as a whole.

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

Anything beyond that will have to be loans that you take out
[Post New]02/01/2022 17:33
quote
Anonymous
Anonymous wrote:FAFSA. There are federal loan limits both per year and for undergrad as a whole.

https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized

Anything beyond that will have to be loans that you take out



This. The only student loans available are through FAFSA. Many ignorant people post here talking about getting loans but don't understand that the student is limited by FAFSA (will get the unsubsidized loan of $5500+). Your child has no equity to borrow from. So many parents have to take out loans using their house or savings as collateral.
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