School Type

Loans for Different Types of Schools

Trade and technical school students and community college students used to be left out in the cold when it came student loans. But no more. Federal, state and private lenders have responded to the growing demand for student loans in this area by expanding the definition of an “eligible student.” And expanding the range of products they offer.

Loans for Trade and Technical Schools

Technical and trade school educations are extremely popular now. Responding to this demand, trade and technical schools have expanded their offering to a surprising extent.  Students can get degrees in everything from very technical subjects like nanotechnology to culinary arts. The student loans for trade school or technical programs that you are eligible for are determined by type of school and degree program in which you’ll be enrolling.

To be eligible for Federal student loans, you must be enrolled at least half-time in a two – or four – year degree program. If you are in that kind of program, you may be eligible for the Federal Stafford Loan or the Federal Perkins Loan.

If you are not enrolled half-time, or if you are in a one-year or certificate program, private loans are an option for you. Your best bet is a student loan lender such as Sallie Mae, which has a range of loan products.

Community College Students: Find Out What Loans You are Missing

Community college students who enrolled at least half-time are eligible for the range of Federal financial aid. To apply for must file the Free Application for Federal Student Aid (FAFSA). This application is the cornerstone to federal aid as well as a requirement for many other types of loans, including state loans and financial aid from your college – you basically cut yourself off from access to the most low-cost, borrower friendly loans if you do not file FASA by the deadline. Once you file FAFSA, you are in the running for federal student loans. Go to to download the application.

Loans for K-12 Education

Private K-12 education can cost parents close to the price for a four-year private college. In response to the increasing popularity and cost of private education, a growing number of private lenders are packaging special loans for K-12 education.