studentaid.ed.gov For both types of loans, you must fill out a FAFSA. After your FAFSA is processed, the school will review the results and will inform you about your eligibility for loans. You also need a promissory note, a binding legal document outlining the conditions under which you borrow and the conditions under which you sign back with your credit. • $ 5500 (for loans to first time on or after July 1, paid, 2008), if you are a student enrolled in the first year in a degree program that...
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