Applying for Student Loans: Eligibility, Documents, and Tips
Applying for student loans requires careful preparation and understanding of eligibility criteria. Federal student loans are available to all students who meet certain requirements, including being enrolled in an eligible school and maintaining satisfactory academic progress.
Eligibility for Student Loans
Eligibility for federal student loans is based on factors such as citizenship or permanent residency, financial need (determined by FAFSA), and enrollment status. International students may also be eligible for federal student loans through specific programs.
Private student loans have varying eligibility requirements, depending on the lender. Lenders typically consider factors such as credit history, income, and debt-to-income ratio when evaluating eligibility.
