Wednesday, May 26, 2010

What does being conditiionally approved for a student loan mean?

There may be a catch.



What does being conditiionally approved for a student loan mean?

It means that there are strings attached, and if these conditions are not met by a certain time, the loan is revoked, or called in for repayment.



What does being conditiionally approved for a student loan mean?

it means there are conditions that must be met. maybe they haven't pulled your credit yet and you must qualify by having a certain score or higher, basically you don't really have the loan yet.



What does being conditiionally approved for a student loan mean?

its weird you should be conditionally approved-- is this a regular stafford loan? generally those loans are automatic. I assume its a third party lender or another loan program outside of the government ones-- in any case conditionally approved could mean approved based on your credit rating-- or your attendance at classes to qualify.

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