Can I Get A Student Loan In Addition To My Company Tuition Reimbursement?
My company will reimburse up to $5250/year for tuition. Would I be also be able to take out a student loan or do I have to pay the tuition with out-of-pocket money? I didn’t have to go through the student loan process during my undergrad years so I am unfamiliar with the process.
Quizzes for Kids said
am June 26 2009 @ 2:12 am
Yes. Anyone can get student loans. Just apply and fill it out and go to Fa office and they will help you out.
You have to take a test to make sure you understand the terms. Then you set. Good luck.
DesignTh said
am June 26 2009 @ 2:57 am
Calm your fears and relax. You will not have to pay for college out of pocket. I know that paying for college can be difficult and many people have the same worries and fears about financial and college too. So be happy that you’re not the only one.
You are eligible for a loan no matter if you’re receiving a tuition reimbursement or not. If you don’t qualify for grants then you’re probably qualify for loans. You might want to look into scholarships too and at least with scholarships you won’t have to pay them back!
*Cheers*
Shaylee said
am June 26 2009 @ 6:13 am
There are two sources for student loans — the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In mostyou can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.
Kelela W said
am June 26 2009 @ 6:29 am
You may still be able to get a student loan depending on what school you attend. You can only be funded up to the cost of attendance. So if your school is 13000.00 a year and your job pays $5250 a year then you have a need of $7750 remaining. You should also check with your employer since there are some companies that will not allow you to get a reimbursement if you are getting aid, it’s stupid but I have had some students that found that it was better to use the federal aid then deal with the paperwork hassles from their employer. Check with your Human Resources Dept and then with your Financial Aid office at your school. You will then have all the right tools to decide what is in your best interest. Good luck!
Richard H said
am June 26 2009 @ 8:30 am
Check with the financial aid office at whatever school you plan to attend.