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How To Apply For A Student Loan

Sources Of Student Loans

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Sources of student loans include the following:

  • Your local bank  -- particularly the bank your family deals with, such as the mortgage holder on the house.
  • The non profit agency in your state that offers student loans. You can locate the agency in your state through www.efc.org/page.ww?section=Membership&name=EFC+Members offsite link.
  • A site which does a lot of student loans such as Sallie Mae. www.salliemae.com/ offsite link (Sallie Mae is not affiliated with the government.)
  • Search in your favorite search engines on "student loans."
  • If you're got a rich relative or family friend, does he or she care enough about you to make a very low interest loan to get you the education you seek? Before approaching the person, read our article on Asking Friends and Family For Money. The article is for people who have a need, as compared to a want, but the advice about dealing with friends and family applies to a student loan.

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