No equity? don’t panic, prior to taking a loan out look into federal student loan programs. Federal dollars have increased. Getting a loan starts with submitting to FAFSA . The Perkins loan can be up to $4,000 is available for those with the most financial need. The Stafford loans have better terms and are the more common. 12 % of students from families with adjusted gross incomes over $100,000 got subsidized Stafford loans last year. Loan interest rates are declining from 5.6 to 3.4 by the 2011-12 yr. My source for information on this article is AARP.
