6 Ways to Get a Student Loan in USA

Students are constantly looking for educational loans all around the city. Every year the tuition fees may get hiked or you may suffer from financial problems that may not provide for your studies. Don’t worry there many ways to get an aid for your studies there are federal loans and Stafford loans that you can get in order to pay for your schooling. Here are the 6 ways in which you can get an educational loan in USA

Students Loan USA

Federal Loans:

The federal loan is given to the students by the government, these students are backed up by the United States government. This loan is available to only a certain group of students who were pursuing engineering or science, the students loan program was started by the government in response to the launch of Sputnik satellite by the Soviet Union that US has been falling behind the Soviet Union in terms of Science and engineering.

Federal student loans for graduate students have higher limits: $8,500 for subsidized Stafford and $12,500 (limits may differ for certain courses of study) for unsubsidized Stafford. Many students also take advantage of the Federal Perkins Loan. For graduate students the limit for Perkins is $6,000 per year.

Stafford Loans:

Students who borrow money for education through Stafford loans cannot exceed certain aggregate limits for subsidized and unsubsidized loans. For undergraduate dependent students, the maximum aggregate limit of subsidized and unsubsidized loans combined is $57,500, with subsidized loans limited to a maximum of $23,000 of the total loans. Students who have borrowed the maximum amount in subsidized loans may (based on grade level—undergraduate, graduate/professional, etc.) take out a loan of less than or equal to the amount they would have been eligible for in subsidized loans. Once both the subsidized and unsubsidized aggregate limits have been met for both subsidized and unsubsidized loans, the student is unable to borrow additional Stafford loans until they pay back a portion of the borrowed funds. A student who has paid back some of these amounts regains eligibility up to the aggregate limits as before.

The following are some of the ways to get educational Aids

  1. Ask your school officials:

The 1st best place to ask for aid help is your school, probably the folks at the finance department may have contact with the firms that provide educational aid.

  1. Search:

Students can also search for websites that have a list compiled of the overseas scholarships from which they will be able to get educational aid for your studies.

  1. Being American:

Students instead of enrolling directly into foreign schools, students can enroll in an accredited American school with approved study abroad program. This is one of the simplest alternatives. Just look out for a school that has approved abroad studies for American students. Students can contact overseas school they are interested to see if they are preapproved by any American schools.

  1. Transfer:

If you’re really interested in overseas studies then there are a large amount of schools that are approved to get federal educational loans. The easiest way is to get transferred to those schools.

  1. Persuading your school:

If your school has lots of American students and is still pouring in with lots of American coming from abroad to take up studies, you can persuade your school to pay to get approved by American schools. By this manner the schools will get approved for Federal Education Loans.

  1. Alternate ways:

Don’t get fed up if you’re not able to get a federal loan there are other tons of ways to get Educational Aid. If you have an Adult with a good credit willing to take on the debt responsibility, then the adult can take other mortgage loans and have the student paid the loan in small contracts


There are always a lot of ways to pursue higher education you just need to find them, don’t stop pursuing your dream to study because you don’t have the money. Share your experience in pursuing your higher education to motivate others.

About rajendiraprasad

I'm Rajendira Prasad - passionate entrepreneur, blogger & digital marketing strategist. I am doing blogs on various niche websites like iPhone7 Reviews & iPhone7 Prices and running a technology company -  Mensagam, Real Estate venture Daxcon Builders , also I am working on several other groundbreaking initiatives. Do you want to connect with me, I am available on Facebook  &  Twitter, Google+ come on let’s Cheer-up.

Speak Your Mind