Knowwithus
  • Home
  • Business
    • Finance
    • Law
    • Politics
    • Science
  • Health
    • Food
  • Education
  • Entertainment
  • Lifestyle
    • Fashion
  • Social Media
    • Gaming
    • Movie
    • Music
    • News
    • SEO
  • Tech
    • Apps
    • Gadget
    • APK
  • World
    • Travel
  • Contact Us
No Result
View All Result
  • Home
  • Business
    • Finance
    • Law
    • Politics
    • Science
  • Health
    • Food
  • Education
  • Entertainment
  • Lifestyle
    • Fashion
  • Social Media
    • Gaming
    • Movie
    • Music
    • News
    • SEO
  • Tech
    • Apps
    • Gadget
    • APK
  • World
    • Travel
  • Contact Us
No Result
View All Result
Knowwithus
No Result
View All Result
Home Education

What Qualifies You for a Student Loan?

Jessica Millie by Jessica Millie
June 29, 2022
in Education
0 0
0
Student Loan
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter

Attending college or university, whether right out of high school or going back to school to earn a degree, is a positive step towards the next chapter of your life. Attending college or university also requires funding, which is where student loans come in, but many people don’t know if they qualify. So we’ll go over what qualifies you for a student loan that allows you to make the right decision confidently.

Table of Contents

  • Federal Student Loan Eligibility
  • Private Student Loan Eligibility
  • How Can SoFi Help?

Federal Student Loan Eligibility

Before we cover private student loans below, we’ll review the eligibility requirements for federal student loans. For example, with a federal student loan, a student’s eligibility doesn’t depend on employment history, credit scores, or a debt-to-income ratio. Still, they can’t be in default of a federal education loan.

As with both loan types, your classes must count toward a certificate or a degree in an accredited school. You don’t want to end up disqualified for a loan by taking a class that doesn’t count toward a degree or certificate, even if it is a fun class.

There is also:

  • No minimum age
  • Must have a high school diploma, GED, or homeschool equivalent
  • They must also file a FAFSA and enroll in school on a full-time or half-time basis.

Private Student Loan Eligibility

When you seek private student loans to pay for your education, you must be of the minimum legal age in your state. The minimum legal age for a private student loan in most states is 18. Still, Nebraska and Alabama have a minimum legal age of 19, and New York, Mississippi, and Indiana have a minimum legal age of 21.

The borrower must have credit worthiness, or at least a cosigner with credit worthiness, and be a U.S. citizen or permanent resident. If the borrower doesn’t have U.S. citizenship, some lenders will allow the student to qualify if their cosigner is a U.S. citizen or a permanent resident. With private loans, your eligibility for acquiring the loan may also depend on your academic major or even the degree you seek.

With private students loans, you:

  • Don’t have to file the FAFSA,
  • Do have to be enrolled on a minimum of a half-time basis.

How Can SoFi Help?

There are many reasons to love a private student loan from SoFi. y First, we offer loan options with no fees, making it easy to apply online. SoFi members can pay down their loan with rewards points, which they earn from monitoring their credit score, logging in, setting up credit card autopay for their credit card, etc.

Speaking of autopay, you receive a 0.25% discount on your rates when you set up autopay. Those returning to school are eligible for an additional 0.125% discount. You don’t have to start paying back your loan right away when you graduate, as we also offer a six-month grace period.

At SoFi, their mission is to help people realize their ambitions and reach financial independence. And also, to help people grow is providing them with the means to do so.

Read More: Benefits of TQM

Jessica Millie

Jessica Millie

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
qvc presenters husband dies

QVC Presenters Husband Dies

May 20, 2022
paypal casino scams.info

How to Avoid PayPal Casino Scams

October 11, 2022
harper andrea stephanopoulos

Harper Andrea Stephanopoulos

May 20, 2022
Laser sights

Using Laser Sights For Handguns

October 5, 2022
leading edge real estate

Leading Edge Real Estate Marketing Tips

0
accountants near me

Accountants Near Me

0
chattels

Capital Gain Tax On Chattels

0
How to Get Rid Of Rats

How to Get Rid of Rats Outside – 3 Methods

0
Roof Repairs: Tips to Keep Your Smyrna Beach Business Protected

Roof Repairs: Tips to Keep Your Smyrna Beach Business Protected

September 29, 2023
Celebrating Cybersecurity Awareness Month at Your Company: Activities, Insights, and Engagement

Celebrating Cybersecurity Awareness Month at Your Company: Activities, Insights, and Engagement

September 27, 2023
Keeping It Cool on the Go: How Fridge Slides Are Revolutionising 4×4 Expeditions

Keeping It Cool on the Go: How Fridge Slides Are Revolutionising 4×4 Expeditions

September 28, 2023
Enhancing Home Comfort: Why Double-Glazed Doors Are a Must-Have

Enhancing Home Comfort: Why Double-Glazed Doors Are a Must-Have

September 28, 2023

Recent News

Roof Repairs: Tips to Keep Your Smyrna Beach Business Protected

Roof Repairs: Tips to Keep Your Smyrna Beach Business Protected

September 29, 2023
Celebrating Cybersecurity Awareness Month at Your Company: Activities, Insights, and Engagement

Celebrating Cybersecurity Awareness Month at Your Company: Activities, Insights, and Engagement

September 27, 2023
Keeping It Cool on the Go: How Fridge Slides Are Revolutionising 4×4 Expeditions

Keeping It Cool on the Go: How Fridge Slides Are Revolutionising 4×4 Expeditions

September 28, 2023
Enhancing Home Comfort: Why Double-Glazed Doors Are a Must-Have

Enhancing Home Comfort: Why Double-Glazed Doors Are a Must-Have

September 28, 2023
Facebook Twitter Youtube RSS

About Us

Knowwithus

Knowwithus is an all-in-one, all rounder platform that provides the readers with each and every type of news, that too with all comfort. Any news that you need can be found here at knowwithus.org

Browse by Category

Recent News

Roof Repairs: Tips to Keep Your Smyrna Beach Business Protected

Roof Repairs: Tips to Keep Your Smyrna Beach Business Protected

September 29, 2023
Celebrating Cybersecurity Awareness Month at Your Company: Activities, Insights, and Engagement

Celebrating Cybersecurity Awareness Month at Your Company: Activities, Insights, and Engagement

September 27, 2023

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Contact Us
  • Disclaimer
  • Home
  • Home
  • Our Mission
  • Privacy Policy for Know with Us
  • Terms and Conditions

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In