What to do when you run out of student loans?
frieda asked:
I am on my last year of Grad school and I run out of student loans. I had the federal loans and a citi-assist loan but my school is telling me that I maxed out on the amount of loans I can get (the full cost of attendance). What can I do? I see there are private student loan option but some say maximum is total cost of attendance… this means I am ineligible? what are my options?
I am on my last year of Grad school and I run out of student loans. I had the federal loans and a citi-assist loan but my school is telling me that I maxed out on the amount of loans I can get (the full cost of attendance). What can I do? I see there are private student loan option but some say maximum is total cost of attendance… this means I am ineligible? what are my options?
January 16th, 2010 at 1:31 am
No, it means all you can get is the total cost of tuition & books. Call a few of those companies & ask. Also, since you’re in last year, ask mom, dad, aunt, whoever you can for a personal loan. Also, get a job. Waiting tables can be really good $$ for minimum hours put in. Dinner or cocktail only. There’s no money in breakfast or lunch.
Try this site
Free College information on financial aid for students, scholarship, student loans and more.
January 17th, 2010 at 11:37 am
find a part-time Job,
i’m in grad school too and unfortunately the loans don’t cover everything for the year so I had to get a job on the side. I know its tough but you gotta do what you gotta do. I recommend finding a job with short hours, like 15 hours a week and pays alot for what its worth. ie…be a server at a restaurant, the tips help out so much when you are a starving student…
i have kids too and i have a part-time job and i am in grad school so it is definately possible to juggle work and school. You just need to exert yourself a little bit more…