(Closed) Sad and stressed-need advice! Anything!

posted 5 years ago in College
Post # 3
Member
300 posts
Helper bee
  • Wedding: December 2013

I’m so sorry to hear about your situation. Unfortunately, FAFSA does not always allocate all of your school’s fees and tuition. Have you looked into any grants like the Pell grant?

Post # 4
Member
19 posts
Newbee
  • Wedding: May 2014

You can try to get a private loan from a bank or credit union. The interest rate isn’t as low as federal loans but if you need the money then it may be an option. 

Post # 5
Member
5109 posts
Bee Keeper

@amberdk:  I’m so sorry for everything you are going through! This is exactly why I did a JC for everything that I can… I suppose your next step would be to try to obtain a private loan from a bank? I’ve heard good things about Citi Bank’s loans, they have good repayment options. GL!

Post # 6
Member
3092 posts
Sugar bee
  • Wedding: June 2013

Talk to your financial aid office.  Schedule appts.  Call.  Email.  Schedule more appts.  Find someone in that room who will sit down and explain everything to you.

When you were offered your loans/grants etc at the beginning of the year didn’t it say how much you’d be allocated each semester/quarter?  Was this enough to cover estimated tuition and fees/room+board etc?  I’m not exactly sure how it would come out as a surprise unless something is screwy (so not saying anything bad about you…just saying you need someone to give you answers!)

Stay away from Sally Mae…just save yourself. 

I got an undergrad loan from the PEO…you have to find someone who can nominate you and apply.  But it was super low fixed interest rate…like…3% or something.  It’s for women who are in their last year or two from graduating and come into financial hardship.

For me, I lost my cal grant on my 5th year of college since it was only for 4 years.  I needed that support to make up the difference.

Good luck hun…yes student financial aid is bullshit and you’re not alone in not knowing exacty how it all works.  They keep us uninformed so we don’t question.  That’s why you have to ask and ask and ask again!

Post # 7
Member
1695 posts
Bumble bee
  • Wedding: March 2012

@amberdk:  I’m a little confused.  You should get a new financial aid letter every year.  In other words, you need to reapply for financial aid through FAFSA and your school yearly (usually around Jan-Feb) and they give you new loans/grants, etc every year.  Is this what you did?

Post # 8
Member
7904 posts
Bumble Beekeeper
  • Wedding: March 2012 - Pelican Grand Beach Resort

@greenviolets:  I’m confused as well.

OP, you need to go speak with your financial aid officer. You should be getting a detailed award letter each year with expected cost of attendance, your expected contirbution, and then the amount of your aid.

Post # 10
Member
12956 posts
Honey Beekeeper
  • Wedding: November 1999

@amberdk:  Since you never received a letter, there’s a chance your financial aid for this academic year didn’t go through,  You should get a letter at least every year after your FAFSA application has been processed.  At my school, you then have to apply further for federal loans, get approved, and then they get disbursed.  And you get letters throughout the entire process, plus it’s all trackable in your student accounts menu.

Unfortunately, attaining funding and ensuring this whole process is complete usually is the responsibility of the student.  You may be able to get delayed funding for the spring.  Talk to your financial aid officer and figure out what actually happened (Did they mess up? Did you?  Did the loan company? etc) and what needs to be done to solve the situation so you can still graduate.  Use private loans as a last resort if you can’t get the federal loans to come through.

Post # 12
Member
1280 posts
Bumble bee
  • Wedding: January 2012

Yay glad it worked out in the end for you and in yor favor too!

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