How to make your first loan application a little easier
Applying for your first loan? To make it easier to assess your application, get to know your advisor and establish a trust relationship with him or her. Here are some suggestions:
- Bring your pay stub and your last report card or transcript (if applicable).
- Show your advisor your budget to get an idea of your ability to repay a loan.
- Your life experiences are also important. Talk about your plans for the future, your jobs, your hobbies and any current or past volunteer work you do or have done, for example.
Gather all the relevant information that shows that you're a trustworthy person, capable of fulfilling your obligations as well as your ability to pay off a loan. These are good habits that will make the process a whole lot easier.
Your advisor is there for you
Just like with government guaranteed loans, the aim of all these financing tools is to give you peace of mind and help you properly manage your finances.
Your advisor helps you succeed by analyzing your financial needs and developing an ongoing, trust-based relationship with you.
Feel free to ask any questions on your mind. Your advisor has access to a large number of products and services that are especially designed for your needs and to an entire network of other expert professionals who are ready and willing to lend you a helping hand. And later on, your advisor will be able to guide you towards whatever you need to protect your financial future.
At any time, if your situation changes, don't hesitate to talk to your advisor—he or she is there for you!
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