If I get a student loan is the amount I'm approved for per semester or per year. It's a stafford, guaranteed student loan. $6625. Also if I go to school for 4 yrs will I have 4/8 student loan payments when I graduate or will they just remain one loan adding to it every time (semester or year) I get one. I don't want to get in a pickle and get 8 payments I can't afford. I thought it would be all one loan.
From what I am currently experiencing, they will be separate loans. I took out a loan my first year of undergrad, sub & unsub and there are two different trade lines. As far as being rolled into one payment, that is beyond my scope, since mine are not in repayment yet. However, my sisters loans are all rolled into one loan with one monthly loan payment.
thanks for answering, i guess i need to check this out some more, i will be starting LSU in the fall going to be a Physicians Assistant.
Is there a website that discusses the types of loans and how they are paid back etc. I was approved (www.stafford.com) site for Wells Fargo, but I cant afford to pay until i'm out of school. I just need to know how it all works.
www.ed.gov is a good starting place. Do a search for "financial student aid" handbooks and a lot of various PDF files will come up with tons of information.
