Sep
16
16
student asked:
I’m going to Law School, and I will be taking out just the Federal Subsidized Loan, $8500/year. What do I have to do to secure the loan? Do I have to find a lender and set it up, or does the school do this for me? Any help, links, advice would be very beneficial.
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Tags: Federal Loan, Federal Loans, Federal Stafford Loans, Federal Subsidized Loan, Law School
September 16th, 2008 at 12:50 pm
Federal Stafford Loans are goverment loants for students to attend school at a low interest. If you have already applied and approved, that is all you have to do. You may how ever contact the college you are going to to see if they have received it . Not until after you have applied for it about a month or two.
September 17th, 2008 at 12:04 am
I’d contact your financial aid office. At my law school, the federal loans program was handled through the financial aid office (called a direct lender, I believe). We submitted our forms to them and the money went straight to them to pay our bills. Any extra was issued to us in a check that we could pick up on the second(?) week of school.
Some schools, however, do not handle their students federal loans. For these students, I assume you must go through a loan broker like Sallie Mae (this is who handled my private loans and I always saw the link for federal loans too).
Since, I’m assuming, you don’t know which your school is, I’d give ‘em a ring and find out!
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