Loans are still the only option for students
06/03/09
Even with the UK economy in recession and getting into debt maybe something people want to avoid, students still have to take out loans to help finance them through their University days.
Student loans carry low interest rates and they are not required to be paid back until after the student has graduated. Many loan companies do not charge interest until a certain time period after the student had graduated.
The federal loans can be obtained by filling out an application form which is free for Federal Student Aid.
Michelle Silcox, associate director of financial aid at the University of Saint Francis commented, “It's really important that they file the FAFSA by (the deadline).
She continued, “Adding this applies to all students, regardless of income. There's a lot of funding from the state and that deadline is crucial. Even if circumstances change within a family, such as loss of a job, alterations can be made with the school's financial aid department.”
