How often should I apply for a student loan?

When you apply for student loan. the form asks you"how much do you have in cash, savings and checking account?

  • when you apply for student loan. the form asks you"how much do you have in cash, savings and checking account" does it mean if you have money in your bank account, you can not borrow student loan?

  • Answer:

    No, they expect you to have money in your banking account. They are just interested in the money you have so they can determine how much financial aid you qualify for and determining rates. Be honest on this part of the form, as they can check for validity.

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