Yes there are differnet kinds of loans - go to the college and meet with a Financial Aid counselor. They can give you the info and answer the question for you - I am sure you will have a ton of questions.
Stafford Loans are some of the most common federal loans available to college students today. Not only that, they are some of the most popular, due to their low interest rates and their flexible, affordable repayment plans. Stafford Loans are available to graduate students as well as undergraduate students. In both cases, students need only be enrolled as at least part-time students in their respective universities.
The first step in deciding to accept a Stafford Loan is choosing whether to borrow a subsidized loan or an unsubsidized loan. Subsidized Stafford Loans are need-based loans, meaning that the amount offered depends on an individual student's need for financial aid. Subsidized Stafford Loans are very popular, because the United States government covers the cost of the interest while a student is attending college. They continue to pay for a six month grace period following a student's graduation, as well as during any approved, authorized deferments after that period.
You most certainly can borrow under the student loan program for living expenses. There is a ceiling on the amount you can borrow each academic year and their is a cumulative limit as well.
After you complete the FAFSA, you need is determine. Rent, food, childcare, etc. is all considered in the budget. The financial aid office determines how much aid you receive based on the budget and your need. Once the award is made, tuition and fees are deducted. The balance is disbursed to you.
Of course, no program is going to be able to pick up the tab for everything while you're in school. But a Stafford loan absolutely is intended to assist with tuition and living expenses.
Keep in mind while you're borrowing that loans have to be paid back. Weigh your earning potential against eventual monthly payments. Call your lender to get an idea of what payments might be in the future. You can also find out where you stand on borrowing limits.
Hello Paulberr... I think you could try to check this site: http://students.net/ since they also offer a lot of services for student like you. Good luck in your quest!
Hi-
Here is a list of some financial aid for single moms:
http://www.scholarships.com/college-scholarships-for-single-mothers.aspx
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