There are many different types of student loans that one can apply for, including education loans, nursing school loans, medical student loans, law school loans, and Stafford loans, just to name a few. There are also literally hundreds of different lending institutions out there that you can go through for these loans.

These student loan lenders will vary in terms of their eligibility requirements and the details of the loans, but the basics always tend to remain the same.

When to Apply

It is important that you apply for your student loans as early on as you can, to ensure that you receive your funds or at least an answer from the lender before the start of the school semester. Applying for a student loan or line of credit is really quite simple, but it is important to remember that whether you plan to attend a post secondary school on a full or part-time basis, you need to apply to your province or state for student financial assistance.

In Canada there is something known as the Canada Student Loans Program which enables students with a financial need to attend a post-secondary institution by providing them with the funds that they need to enroll.

There are also grants that are available however, although there are more eligibility requirements for these. The biggest difference between grants and loans is the fact that you do not have to pay the grants back.

Grants are offered by the government with the aim to increase the participation of people in financial aid in post-secondary education. Grants are available for students in a variety of fields and at different levels in their education and they are similar to loans only you do not have to worry about ever making any repayments, not even on interest.

There are even special grants available for students with disabilities, and to be eligible for these grants a student must apply for and meet the eligibility criteria, have a permanent disability which is defined as being a functional limitation caused by a physical or mental impairment, and they must have need of exceptional education related services.

If you do meet all of these requirements then your chances are good that you will be able to receive this grant, which will pay for all of your post-secondary education needs including tuition, books, and so on.

This entry was posted on Saturday, April 12th, 2008 at 12:02 pm and is filed under school. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.