There are lots of people that need to take out a student loan or grant every year, but if you are one of those people and you need to look into the possibility of taking one out, firstly look at other options available to you.
Are you going to end up with a scholarship? Is your educational establishment actually accredited? Do you plan on full time or part time education?
How much will you need for each semester? Make a list of how much you will need for books and equipment, how much you need for food and clothing, are you living on campus or commuting to and from campus? You must take all these into account before you can complete the process.
You must have received a letter of acceptance from your educational institution before you even consider the prospect of any loan or grant; once you get this letter it may be prudent to visit their own financial aid office.
A second step would be to fill in a (FAFSA) form once you have received your acceptance letter. FAFSA stands for financial application for student aid. Most of the financial aid offices will help you fill the form out correctly, and they will also forward it to the correct address.
Whilst this is in the process of being dealt with, you could check out any scholarships of grants that may be available. Again you may call on the assistance of the financial aid offices for this.
With you FAFSA filled in, the next step is an SAR. This stands for student aid report. This will be generated with your FAFSA and this could be used in conjunction with any grants or scholarships or other financial awards to help determine the loan amounts that you may need to borrow.
You can choose to work when you are learning to offset any repayment amounts. If you do this then the lenders may use the payment of these monies to determine any further borrowing for any other semesters.