Does anyone know of a certain type of student loans that will cover the cost of living?

I need to finish my degree and certification, but it's impossible for me to work during that time.

The budget amount factors in the cost of living. This number is consistently higher than average, to allow for the ability of financial aid to cover the cost of attendance (tuition, room, board, fees & books). Very rarely does a school's initial financial aid package cover all costs, and you will need to procure some sort of private loan. Student loans are usually deferred until you are no longer in attendance (stop attending or graduate) and most interest rates are prime plus, depending on your credit. You may be able to find a fixed rate, even! Good luck!

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Published on 29 Mar 2009 in types of student loans, by admin

This entry was posted on Sunday, March 29th, 2009 at 8:56 pm and is filed under types of student loans. Follow the comments through the RSS 2.0 feed. You can post a comment, or leave a trackback.

Comments:

  1. prof Said:

    You fin aid should include the cost of living, if you school is not factoring that in you need to talk to them. If you can "apply" for student housing as a means of increasing Fin Aid. You won't need to live on campus by any means but you will get a higher Fin Aid Package.
    References :


    May 20th, 2009 at 2:46 am
  2. woogabearchild Said:

    http://www.humba.org

    Humba lists a few new scholarships each day. You should give them a try.
    References :


    May 20th, 2009 at 3:25 am
  3. Angie E Said:

    The budget amount factors in the cost of living. This number is consistently higher than average, to allow for the ability of financial aid to cover the cost of attendance (tuition, room, board, fees & books). Very rarely does a school's initial financial aid package cover all costs, and you will need to procure some sort of private loan. Student loans are usually deferred until you are no longer in attendance (stop attending or graduate) and most interest rates are prime plus, depending on your credit. You may be able to find a fixed rate, even! Good luck!
    References :
    I am a financial aid representative for private university.


    May 20th, 2009 at 4:14 am

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