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By: Kim Soyung
Federal student loans are one of many loans granted to pay for college. Applying for federal student loans is like any other loan application process. Go to a search engine and search for “federal student loans”.
There will be a list of requirements that will determine whether you are eligible for federal student loans or not. Do not be surprised if you do not meet the criteria. If you have your parents cosign the loan, their income may be too high for you to be eligible. Federal student loans are usually granted to those who are within a certain tax bracket and annual income range.
Do not be frustrated though; there are several private lenders that would be more than happy to give you money. The feds can’t be the only lender out there, right?