If you are looking for fast student loans you are looking to get a loan ASAP. Maybe you need to buy a lot of text books and the semester starts in a few weeks. Maybe you underestimated the cost of your dorm room. Who knows?

The popular government sponsored loans are not what you would consider "fast". Stafford loans come in subsidized (based on financial need) and unsubsidized (not based on financial need) forms and are given to you in two installments throughout your school year. The Perkins loan takes a while to be accepted for and it will be a while before you get your FAFSA loan. You get government sponsored loans not because it is quick to get approved, but because they give low interest rates and give you a while to pay back the money.

Private or commercial student loans are offered by banks and carry with them high interest rates as well as a lot of "other" fees. They are pretty much your only option if you are looking to get a loan right away. Once you get the money you can use it to help pay for a new computer, textbooks, a used car to go about college, or room and board. Call around your local banks to see what they offer. If you don't have credit or have very poor credit you're undoubtedly going to have to settle for a loan with a high interest rate. You can always ask one of your parents to get you the loan with the promise of paying them back. Having one of your parents as a co-signer will increase your odds of being approved quickly and lower the interest rates as well. Banks typically send out the money you need a week after being approved. Some banks tell you if you are approved instantly by giving you a "preliminary decision". Because credit and personal data is readily available to the banks, they can tell you if you're are approved or not very fast. In order to apply with a commercial bank, visit the bank's website or pay them a visit. If you choose to apply online it will take you about 15-30 minutes. When applying online make sure that you have personal data such as your social security number and driver's license. If you are applying with a cosigner make sure to contact them before you apply to get their personal information.

Even if you have a co-signer with good credit history, there's still a very good chance that you'll be rejected for a loan due to the recent sub-prime mortgage crisis. Banks are a lot more cautious in handing out loans these days. As such, if you need a student loan immediately, don't just assume that the first bank you apply to will give you the loan. Apply to as many banks as possible to increase your chance of being accepted by at least one of them. Applying to multiple banks will also increase your chances of getting a lower interest rate.

Aside from getting a quick loan from a bank, you can also use a credit card to pay for immediate purchases. Just be very careful that you don't fall into the trap of using a credit card for all of your "other" expenses. Before you know it you'll have hundreds of dollars to pay off and no money!

You may very well not even need a student loan in the first place to pay for your extra expenses. Items on every student's to buy list are textbooks. Yes, you can buy them from the "official" book store on campus, but you'll be getting ripped off. You can easily buy them off of sites such as Half.com or Amazon.com at a fraction of the cost. And if you plan wisely (in terms of reselling them at the right time), you can end up getting your money back!

Aside getting into debt to creditors, try calling your family members and/or parents to see if they can't lend you any money. Although the odds are against you if you need around $500 in cash as soon as possible, it won't hurt to try.