Do you need to fill out the Fafsa to take out a private loan?

Question:I took out a sallie mae private loan that was approved already and I was even given a disbursement date. The problem is when I called the college they said I should pay my tuition in cash, because they need me to fill out the Fafsa first? I thought private loans didn't require a filing of the Fafsa? Does that make any sense to anyone? HELP. I don't qualify for government aid because I didn't take 24 cumulative credits last year. Thanks.

Answers:
It sounds like the person at the school is confused. Probably heard you say sallie mae and saw you hadn't done a fafsa.

It's not needed for private student loans. The money will be sent directly to you and you just pay the bursar cash.
No. but I would try and avoid taking private student loans try going here http://www/thestudentloanconso...

This article contents is post by this website user, EduQnA.com doesn't promise its accuracy.



More Questions & Answers...
  • What employers help pay for college?
  • How do I make money?
  • What does resident tuition mean?
  • Mental Illness... What Can I do?
  • I need HELP, I have applied for literally over 30 private student loans, and getting denied, I have bad cre?
  • What is the Universty that can help the student in studying and working at the same time?
  • Pell Grant Refund?
  • Anyone know how FAFSA for financial aid works?
  • Copyright 2006-2009 EduQnA.com All Rights Reserved.