How to Finance a Laptop for School
Financing a laptop or other computer for school is easy if you have access to a computer financing program through your university that offers a low interest rate for students. Some universities also offer free computers through their student financial aid programs. Alternatively, you can apply for student loans through computer loan companies or directly from the manufacturers themselves.
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Instructions
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Contact your university financial aid department and inquire about any free computer programs. Find out if your family income qualifies you for such a program and apply for it. In some cases, the school may provide the computers directly, while in others a voucher for a purchase may be available.
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Ask your university financial aid department if it has a computer financing program. Many universities will finance laptops from any manufacturer up to a certain amount at a low interest rate with no or few credit checks. Apply for the financing program if you qualify.
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Apply for a computer loan from a specialized lender if your university lacks any kind of computer financing program. The interest rates on these loans will be significant but not as high as most credit card computer purchases. If you fall behind on your loan payments, the company may seize your computer.
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Find out about financing options available directly from computer manufacturers. If you have a moderate to good credit rating, you may be able to lock in a favorable interest rate from your manufacturer of choice. You can also apply for financing from multiple manufacturers to try to shop for the best interest rates available. Ask about any student discounts that may be available for financing.
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Use one of your student loans to pay for a computer. Only certain student loans allow you to use them to pay for a computer. The advantage of using this method is that you can take advantage of any payment deferrals that may be available to you to avoid needing to make any payments on your new computer.
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Consider leasing a computer for the school year. You will have to return the computer at the end of the lease period, but you will only pay for the period during which you're actually using the computer.
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