Comments on: How do student loans affect financial aid? http://studentobserver.com/2009/11/25/how-do-student-loans-affect-financial-aid/ The World of Academics and Higher Learning Wed, 01 Feb 2012 13:16:56 +0000 hourly 1 By: TAT http://studentobserver.com/2009/11/25/how-do-student-loans-affect-financial-aid/comment-page-1/#comment-2002 TAT Wed, 25 Nov 2009 14:57:01 +0000 http://studentobserver.com/2009/11/25/how-do-student-loans-affect-financial-aid/#comment-2002 It should not effect it because it is not income it is debt. Be careful. You don't want to get overextended before you are employable. I recommend a part time job It should not effect it because it is not income it is debt. Be careful. You don’t want to get overextended before you are employable. I recommend a part time job

]]> By: Diamond http://studentobserver.com/2009/11/25/how-do-student-loans-affect-financial-aid/comment-page-1/#comment-2001 Diamond Wed, 25 Nov 2009 14:35:51 +0000 http://studentobserver.com/2009/11/25/how-do-student-loans-affect-financial-aid/#comment-2001 On the FAFSA form, I didn't see any related to debt or loan so that I can assume that loan does not affect your Financial Aid but your income or/and parents' income does affect Financial Aid...also, you grade in college(contract) On the FAFSA form, I didn’t see any related to debt or loan so that I can assume that loan does not affect your Financial Aid but your income or/and parents’ income does affect Financial Aid…also, you grade in college(contract)

]]> By: crimsonedge http://studentobserver.com/2009/11/25/how-do-student-loans-affect-financial-aid/comment-page-1/#comment-2000 crimsonedge Wed, 25 Nov 2009 14:08:42 +0000 http://studentobserver.com/2009/11/25/how-do-student-loans-affect-financial-aid/#comment-2000 If all your tuition is getting paid then you really don't need a student loan. Taking out a loan to pay for credit cards is not really a good idea because you just going to have to pay it off later with interest. If you decide to get one anyways, Federal loans charge a lower interest rate than private loans. I believe it's 6.54% and is capped at 8%. If all your tuition is getting paid then you really don’t need a student loan. Taking out a loan to pay for credit cards is not really a good idea because you just going to have to pay it off later with interest.

If you decide to get one anyways, Federal loans charge a lower interest rate than private loans. I believe it’s 6.54% and is capped at 8%.

]]>