What are the different factors to getting a loan?

Josephine: What are the different factors to getting a loan?
Do i need parental consent to get a loan?
What does my credit score limit me to?
Do i have to tell them my goals for school and transcript to get it?
Is the loan through the school or through the bank directly?
What banks are best?
Can I still get loans if my tuition is covered by the military?

Answers and Views:

Answer by Madison
If you are new to the world of loans, then all the jargon and terminology can seem very confusing. There are so many different terms to understand, and unless you know some of them you will not find the best loan deal to suit your needs. If you want to know more, then here is a guide to some of the basic loan terms you might need to know.

The lower the APR, then the cheaper the loan interest will be. Credit scoring is a method that lenders use to determine your eligibility for a loan. They ask a series of questions about your earnings and financial situation. Each answer you give is scored, and the better your score then the more likely you are to be accepted for a loan.