If you are applying for an Alaska student loan you have to file a Federal Application for Student Financial Aid also known as the FAFSA. You should contact an adviser in the financial aid department of the university or college of your choice. These steps are pretty much like the student loan application anyplace in the country.
A financial aid adviser can additionally assist you with finding any scholarships or grants for which you may be entitled. The distinction between Alaska student loans and scholarships or grants, is that loans are required to be repaid – while grants and scholarships do not. Keep in mind, however, that to keep a grant or scholarship, you will generally be obliged to keep up a particular number of credit hours and/or a certain grade point average, or GPA.
This Is What You Will Need
To commence the process of applying for an Alaska student loan it is a necessity that all the essential documentation be there. You will have to have your social security number, bank statements, your tax records for yourself and your parents depending on your age and school information.
You will also need to show proof of what further financial support you may be receiving . For example . Whether or not you have a job, or are under twenty one and living under your parent’s roof, may possibly affect how much of a loan you will be able to obtain. Be sure to have all of your income information (and your parent’s, if still at home) readily available before you fill out your application.
It is also essential to check your credit record, to make sure that there are no harmful reports from companies to whom you may have made delinquent payments, or skipped paying all together. These bad reports can affect whether or not you are approved for certain student loans. Unsubsidized loans, as an example, require that a student have a reasonably clean credit record before approval.
If you are under the age of twenty one, or if your main residence is still your parents home, your could possibly qualify for Alaska student loans using your parents good credit standing. Parents are also able to apply for Alaska student loans, called PLUS loans, that can provide assistance to pay for their children’s education.
Pell grants and other scholarships are also a possibility. The top case scenario is that you are eligible for enough scholarships that a loan is not
need at all