Stafford Loan Transfer Quesion

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Stafford Loan Transfer Quesion

Postby jobsoccer » Mon Jan 25, 2010 12:59 pm

I am in the middle of transfering schools (from school A to school B) however I have about $10,000 to pay at school A before getting my transcript to apply to school B.

My question is can I appy for a stafford loan and use it on school A and school B?
If so, how?

Thannk you,
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Re: Stafford Loan Transfer Quesion

Postby kristinem17 » Mon Jan 25, 2010 2:35 pm

Do you have a loan to pay off with school A or is it an actual bill? If it is a bill you will need to obtain a private student loan to pay it off. A Stafford loan will not cover this. http://www.privatestudentloans.com can help you determine which private loan is best for your situation.

If you have a loan with school A that you need to pay off you can defer your payments while you are in school. You will just have to show your lender proof of enrollment on school B.

If you need a Stafford loan to attend school B you can file a FAFSA and apply for financial aid through the school.
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