Back to School and Student Loans….

posted 3 years ago in College
Post # 3
Member
3303 posts
Sugar bee
  • Wedding: June 2013

I don’t know the answer to your question, but I has to find a loan to cover some of my last quarter too.  I was invited to apply for a PEO…google PEO international loans.  You have to be recommended by a current member. 

Post # 5
Member
11772 posts
Sugar Beekeeper
  • Wedding: May 2013

What a nightmare! You should be able to find a decent education loan, though.

Have you applied for a direct loan? Or look for a Student Resource Center. They can put you in touch with a quality lender!

Post # 6
Member
11300 posts
Sugar Beekeeper
  • Wedding: August 2013

@BrandNewBride:  This. You do NOT have to take out a private loan. Did you fill out your FAFSA? That should have told you if you were eligible for gov’t student loans.

Post # 7
Member
295 posts
Helper bee

If you have to take out a private student loan look at Wells Fargo. I found that they offered some the better terms compare to other lenders. Also if you have any account through them they offered a discounted interest rate.

Post # 9
Member
11300 posts
Sugar Beekeeper
  • Wedding: August 2013

@MrsTillerResq:  Wow, I’m surprised it won’t cover the cost of tuition and then some. I always received both grants, subsidized, and unsubsidized direct loans. wtf?

Post # 10
Member
11740 posts
Sugar Beekeeper
  • Wedding: November 1999

@MrsTillerResq:  Have you looked into other types of federal loans, like Plus loans?  DH took all of his law school loans out through Stafford and Plus loans, and he went to a very expensive private law school.  They also covered my entire graduate program at a very expensive private school.  There definitely is money out there to get! 

Are your parents claiminig your as a dependent still?  Their income, as well as yours, will count against you in terms of how much you can get in loans. 

I would call you financial aid office and ask them to run the numbers with you and ask what options you have before going to private loans.  If all else fails though, get a private loan and just pay it off as soon as you can!  Good luck!

Post # 14
Member
1549 posts
Bumble bee
  • Wedding: June 2013

a year ago i would have said, oh just get a private loan. but looking back student loans were the biggest mistake of my life. that interest will kill you.

so now i’m going to be wierd and say – i would get on the payment plan and get a second job or sell stuff temporarily to avoid it. you’ll have to sacrifice eventually to pay it and if you do it now you won’t be paying double.

One of these days i’ll get my student loans paid off. Normal is broke. Be wierd.

 

 

Post # 15
Member
11740 posts
Sugar Beekeeper
  • Wedding: November 1999

@MrsTillerResq:  Ugh, bummer!  Sorry – my experience with loans has only been for grad school.  The school may be able to put you in for some other type of scholarship or grant that would help you.  Have you also looked at local scholarships? 

Taking out a private loan for the last few credits shouldn’t be the end of the world.  In the long run, you’ll get a job and be able to pay it back. 

These requirements for loans are ridiculous.  I was just out of undergrad applying for grad schools and they told me on my income, I could afford to pay the entire tuition on my own.  Sure, I could do that, if I didn’t eat and lived in a box under a bridge… 

Post # 16
Member
11772 posts
Sugar Beekeeper
  • Wedding: May 2013

@vorpalette:  I have a government subsidized loan and a state subsidized loan. Neither are private! In Vermont (where I went to high school) there’s a massive Student Resource Center called VSAC. They do state and government education loans!

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