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College loans. 2nd B.S. & maxed Stafford dont qualify for Plus or Perkins. What now?


Asked by Custo
OK, due to an error @ the university, and paperwork processing fubars.... My hubby needs $7500.00, in additional financial aid before next week. If we can't come up with the $, he'll have to postpone starting grad-school in August. His grad-program only does fall admissions, and waiting another year will seriously impact all kinds of things. The loans & aid for grad-school in the fall are all set. But to finish his last few courses, accelerated, we need to obviously pay for tuition.... Any suggestions? We didn't qualify for Plus or Perkins loans, and his stafford's maxed out as of monday.... Direct/alternative student loans, so far aren't working.... They won't lend to us, for whatever reason, (they'll notify us in writing within 5-8 weeks) No cosigners available. We both work, but have extenuating financial obligations. I have good, but minimal credit. His isn't all that great. Banks won't lend to us for tuition loans... They said we should qualify for student loans... Any advice? His salary will compensate for any major loans or crazy interest rates we accrue... Realistically, within about 1-2 years post grad. We're working with the university to see if there's any emergency aid available for him.

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Answered by sunshine23511
if you have a house, borrow aganist that. Loans can take up to 6 weeks to process. ask friends and family for money, pawn or sell some furniture or a ring, personal affects. If you find this excessive, then maybe postponing grad school until the spring or next fall should be a plan to consider. Or you could take out a personal loan or apply for a credit card.

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