(Closed) Life is sucking, need some Hive Help

posted 8 years ago in Money
Post # 3
103 posts
Blushing bee
  • Wedding: September 2011

did you fill out the FAFSA?  you should be able to apply for financial aid and get loans to cover your bills, esp because they are so low…my tuition is for a state school, and not an expensive one at that…i was able to get aid through the FAFSA to cover my tuition and expenses, if i so choose.  if need be, you can apply for a private student loan, but consider that a last resort, because those loans can not be consolidated, and the banks can raise interest rates at any time.

Post # 4
7053 posts
Busy Beekeeper
  • Wedding: July 2010

Talk to your mom and dad and see if they can help by securing or helping cosign a loan for your at the bank or go talk to the financial office at school.  While you might not qualify for aid you could qualify for a loan.

Your options aren’t over yet.  Talk to school first, then parents second.  There are also special companies which do only student loans, and in some professions if you go to work at certain places, they pay off your loan for you each month you are working for them.  I had a 20k loan for my specialty school and it all got paid off by me working the loan off at hospitals.

Post # 5
1641 posts
Bumble bee
  • Wedding: June 2011

I would ask to speak to somene “higher up” at the financial aid office, and explain that you were told you would be getting the money.

However, my biggest piece of advice…not sure if there are any jobs out there right now, but I would take anything you can get, and i would even put school on hold if you have to. You can go back to school at anytime without losing your credits. But bankruptcy is for 10 years- that’s ten years that will be very difficult to get any kind of loan, credit card, or buy anything on credit, including a home.

I feel for people in your situation. I was there, too. I’ve been laid off, and I’ve filed bankruptcy. It was almost 7 years ago, and I am still paying the price. I udnerstand it is probably more difficult in Michigan, with the car companies laying off…but if there is any way to avoid the bankruptcy, I would if I were you.

Post # 8
2083 posts
Buzzing bee
  • Wedding: May 2010

I had issues with this sort of thing too. It was awful. My tuition bill was due like a week before the wedding and I had applied for a loan through Chase (even with my mom as a cosigner) and they rejected me. Chase sucks, they reject me every time and then say they made a mistake and accept me later – I called and told them it had to be another one of their mess ups because my mom has perfect credit, but they are absolutely zero help if you call them.

So I called the fin aid office in a panic, not knowing what to do and the woman I spoke to told me that she would arrange and approve me for a federal stafford loan to cover the cost plus enough to get a refund. She told me on the phone that I was approved and all set and that I would get my refund in a week. Well, when my refund didn’t come I called the fin aid office again only to discover that the woman I spoke with had done absolutely nothing, I was about to be disenrolled from my courses because my bill hadn’t been paid, and that I did not qualify for a federal loan. This all came crashing down oh about 5 days before the wedding.

I ended up having to ask my parents to take out a “parent plus” loan through the university, which I absolutely didn’t want to do but I had no choice at that point but to ask. It apparently does the same thing to their credit as it would if they only cosigned for a loan, but my parents are very difficult to discuss money with so it was a total nightmare.

I guess I would advise you to try chase just because when they actually pull through it has worked out well. I had to resort to a Sallie Mae loan for one semester, but that sucks because I am forced to pay a high amount of interest each month (they won’t let you defer it like chase or the federal stafford loans).

Post # 9
2006 posts
Buzzing bee

I use Wells Fargo Education Loans and have a decent rate, using my mom as a cosigner. They have two separate loans: one is a lower rate but requires school approval, and one has a higher rate but it just asks to see your tuition bill so you get your money a little faster.

Hope everything works out for you!

Post # 10
7082 posts
Busy Beekeeper
  • Wedding: July 2009

Sorry this is happening to you 🙁  For the non-student side of things you can contact a reputable consumer credit counselor.  Bankruptcy is a really bad option and should be avoided at all cost.

Here is a link for some good reading:


Post # 11
617 posts
Busy bee
  • Wedding: November 2010

File a financial aid appeal, if you can do that with your school!!! I JUST filed mine with my school. Same thing with me – my 08 income was six times higher than 09 due to be a full time student for part of last year. And this year since I’m not working I haven’t made anything. I was able to file a financial aid appeal based on a change in economic circumstances. Good luck!

Post # 12
984 posts
Busy bee
  • Wedding: April 2010

I would first talk to your financial aid office and see if you have some options there. When I was unemployed and in school I had a couple of federal loans to help cover my tution and I had private student loans to cover my cost of living. It wasn’t an ideal situation but it was better than some of the other options I faced. Both types can be consolidated after graduation, I am just going through the process now before my grace period is up. I got really good rates with my private student loans through Sallie Mae but compare other companies before you decide in case you can’t get a good consolidation rate after graduation. I agree with the PPs try to find anything, even if it is only a part-time gig somewhere, just blanket people with resumes until you hear something, being persistant pays off (at least that’s what I keep telling myself). Good luck with everything, I hope things start to turn around for you.  

Post # 13
99 posts
Worker bee
  • Wedding: May 2010

Talk to your financial aid office first- you will most likely get better rates through them than a private loan. You might also qualifory for work study at your school to make some extra money.

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