The sooner you apply for a student loan, the better.
Whether the student loan application is as early as possible depends on the family situation of the borrowing students. If the borrower's family is in financial difficulties and can barely spare all his savings for his children to go to college, it is recommended to apply for a student loan directly. On the one hand, it can reduce the family's economic pressure, on the other hand, it can also increase the family's ability to resist risks.
In addition, if the borrower is sure to apply for a student loan, it is suggested that he can apply well before entering the school. You can apply for a student loan directly in your hometown. If you apply earlier, on the one hand, you can get help from high school, on the other hand, you can prevent the lack of materials and supplement them in time.
Is it necessary to repay the student loan in advance?
Whether the borrower should repay the student loan in advance depends on how many years have passed since graduation. According to the regulations of the state, students who borrow money only pay the interest on the student loan three years before graduation, and then begin to pay the principal three years after graduation. If the borrower directly chooses to repay in advance after graduation, it is equivalent to saving interest for three years, which is very cost-effective.
If the borrower has repaid almost all the interest, whether to choose to repay in advance is of little significance. Of course, if the loan student has enough money, the funds are useless for the time being, and it is not bad to repay in advance.
The above is the sharing of "the earlier you apply for a student loan, the better". I hope I can help you!