Private Student Loan Question

My daughter will have to apply for a private student loan to finish
her last 3 semesters of undergrad work. The 3 semesters will span from
January 2008 to May 2009 (Winrer '08, Fall '08 & Winter '09). I've
helped her research options but I have a question to which I can't
seem to find the answer:

Does she apply for all 3 semesters at once, or 1 semester at a time?

She is billed by the semester so any costs for semesters 2 & 3 would
be estimates on our part. She has been billed for the first semester.

Thanks in advance for any and all help.

Private student loans are are typically made for each college year. Your
plans cover two college years.

So she'd apply now for just the remainder of this college year ending 5/08.

Then she'd apply just once more for the entire 08-09 year (9/08-5/09).
The lender would make two disbursements - half of the total at the
beginning of each semester.


Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761


On 12/29/2007 10:29 AM, wrote:
> My daughter will have to apply for a private student loan to finish
> her last 3 semesters of undergrad work. The 3 semesters will span from
> January 2008 to May 2009 (Winrer '08, Fall '08 & Winter '09). I've
> helped her research options but I have a question to which I can't
> seem to find the answer:
>
> Does she apply for all 3 semesters at once, or 1 semester at a time?
>
> She is billed by the semester so any costs for semesters 2 & 3 would
> be estimates on our part. She has been billed for the first semester.
>
> Thanks in advance for any and all help.