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College and University Discussion
Reply to "For parents who are primarily paying for college with non need based loans..."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Is it possible for those who do not qualify for or apply for financial aid to still take out federally guaranteed student loans? What is the process?[/quote] You don't have to qualify for need based aid in order to take out the fed. loans, but you do have to file a FAFSA to get access. We knew we'd be full pay but still submitted the form, and sure enough on every single financial aid package the unsubsidized federal loan was the only thing listed other than any merit awards received. [/quote] Forgive my lack of knowledge but we have our oldest starting college this fall. We did not complete a FAFSA because we knew we would be full pay. However I would still like our child to take advantage of the federal student loans. Is it too late ?[/quote]
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