Acs Student Loans

Written by Ingrid Chen
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ACS student loans are a wonderful thing when you want to go to college but just can't seem to scrape up the money. This is your education and your future. You should not have to compromise because you currently can't make tuition payments. You should have every opportunity to go to the school that is best for you. In fact, that's where you should start when you need to figure out how much you need to borrow.

Consider the top schools that you want to go to. Check out their tuition rates and fees. You will want to add college-related expenses to that list. These are such things as transportation to and from class, course books, lab fees, room and board, food and personal expenses. After that, you will want to factor in any money that you have saved up for such a purpose.

Take a look at your income and compare it to all the money you will need to spend to attend college. This should give you a good idea of how much money to borrow. Now, there are different kinds of student loans. Some deal with financial aid, while others are simply personal loans that you use for college.

Financial Need

If you qualify for need-based loans, you will probably get a subsidized Stafford Loan. With this kind of loan, the interest does not start to accrue until you graduate and begin to make payments. With some loans, you have six months interest-free after graduation to pay it all back. After that time, the interest kicks in. If you don't need financial help, you'll get an unsubsidized Stafford Loan. The interest starts right away with this type of loan.

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