What's the most amount of money you can borrow for College Student loans?
The Staffords (qualified and non-qualified) are only $3500 each the first year. Other than a Plus or private loan thru a bank, what else is available for a Student Loan?
The ridiculously low amount available through Stafford Loans are exactly why private student loan business is booming. $3500 won't cover many schools these days. I would suggest http://www.thinkfinancial.com
You can borrow up to $40,000 per year with them and it is very quick and easy to apply. Good Luck.
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A bank loan based on equity in home.
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May 20th, 2009 at 3:16 am
You can borrow up to the cost of attendance at your school minus other aid (stafford loans, grants, scholarships, work study, etc.). Check with your financial aid office for lenders they recommend for private/alternative loans. They are your best source for information.
Good luck!
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I work in financial aid.
May 20th, 2009 at 3:48 am
That pretty much covers it. The Stafford loan is $3500 in year 1, $4500 year 2, and $5500 years 3 & 4. Plus loan is for parents, there is also the Perkins loan, which should be on your financial award letter.
After that, private loans through banks or sometimes the colleges themselves fill the gaps.
It ain't easy…. Good luck!
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May 20th, 2009 at 3:58 am
The ridiculously low amount available through Stafford Loans are exactly why private student loan business is booming. $3500 won't cover many schools these days. I would suggest http://www.thinkfinancial.com
You can borrow up to $40,000 per year with them and it is very quick and easy to apply. Good Luck.
References :
May 20th, 2009 at 4:10 am