- Apply for a student loan as early as possible
- Complete the FAFSA accurately and completely
- Provide all of the documentation that is requested
- Have a good credit score
- Have a stable income
What to Do if You’re Denied a Student Loan
If you are denied a student loan, there are a few things you can do.
- Contact the lender to find out why you were denied
- Dispute any errors on your credit report
- Improve your credit score
- Apply for a student loan with a cosigner
- Explore alternative financing options
Repaying Your Student Loan
Once you graduate from school, you will need to begin repaying your student loan. There are a few different repayment options available, and you can choose the option that best fits your budget.
The standard repayment plan is the most common repayment option. Under this plan, you will make fixed monthly payments for 10 years.
