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The education loan as it is called goes to the university and not at all to the students account.

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Q: Do student loans go to the school or you?
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Do student loans go to the student or the school?

The school receives the check and disperses it to you.


What company provides direct student loans?

There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.


I owe about 7000 in student loans which I am paying on can I go back to school and get more student loans?

Yes, you can take out additional loans as long as you are not in Default on the current loans.


If you go back to get a MA and have student loans from your BA do you stop paying those loans while in school?

Yes, you can get an in-school deferment on your undergrad loans if you go back for masters.


What is the procedure to apply for student loans?

To find out more information on applying for student loans go to www.fafsa.ed.gov. You will find all the information you will need for applying for loans for school.


Can you be forgiven of student loans if your school closes?

No, your student loans will not be forgiven because your school closes.


What are the differences between direct and indirect student loans?

The difference between direct and indirect student loans are direct loans come to you in your name to deposit and use for school. Indirect loans go stright to the school and are used just for tuition.


Can you go back to school if your old student loans are in default?

no you can not. contact the department or company that your defaulted student loans are located at. some have a repayment/rehabilitation plan. When you complete this you can go back to school. best of luck!


Is it illegal to get student loans even if you go to school for free but get student loans anyways to buy a car?

Read your loan application carefully. It is probably fraud.


How can I go about consolidating my school loans?

The Department of Education has a whole site dedicated to consolidating student loans. Here it is: http://www.loanconsolidation.ed.gov/


Can student loans be used for cosmetology school?

Yes, Student loans can be used for cosmetology schools. Pell grants are available but you must go to an acredited school. Enid Beauty College Enid, Oklahoma 580-237-6677


Where can I get advice on student personal loans?

Go to your local bank and they will be able to provide you advice on student personal loans. You can also visit your financial aid office at school. They can provide you with advice as well.