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My situation: I'm 18, and currently a junior at Hunter College in New York City. I got an AA from a community college in Florida which was free after financial aid, but I had to go and choose to study out of state since I was extremely dissatisfied with Florida's educational system. Two words: Jeb Bush. Tuition has been covered by the Pell and Stafford loans, but I still need extra money just to get by in this expensive city. My rent is $800/mo (including all utilities), but I only make $7.50/hr part-time and can't seem to find anything better right now. And here's the topper: both of my parents are deceased. I may have perfect shiny credit myself thusfar, but I have no one who will cosign. I have a 3.0 GPA because yes, while I may have been smart enough to excel ahead, I did face my share of circumstances regarding my family that brought my grades down. Woo, no scholarships coming to me. I need $10,000 to get me through the rest of the year, but at this point, I'll take any amount. Sallie Mae, MyRichUncle, Goal Financial, and others have turned me down. I really have no idea what to do, but I've gotta get some money within the next month or I'm screwed. Help me, goons!
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Jan 20, 2007 11:20
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| # ¿ Apr 28, 2024 06:53 |
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I might have posted in this thread before, but search is down. I'm a 20 year old undergrad, starting my senior year in the fall. My school is cheap and awesome, but unfortunately, a lovely retail job barely covers my gently caress-you-New-York rent so I've been taking out Sallie Mae Tuition Answer loans to assist with living expenses. I just applied for another one, and was credit denied. They didn't mention anything about a co-signer, so I guess that's out of the question, but regardless, it'd have to be a very reluctant family member since my parents are dead. My aunts and uncles have been hosed over by rear end in a top hat family members borrowing money from them, so I can see why they don't want to sign with me. Sigh. I really need money. I think I might have exhausted my federal resources for this term. Any suggestions for alternative loans that'd be kinder to my situation? Yeah, scholarships, I know, and I'm trying, but you'd think with all of the minority scholarships out there, that there'd be an orphan scholarship. Nope.
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May 1, 2008 04:27
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I had two Tuition Answer loans out with Sallie Mae prior to leaving the country for a semester, and apparently used up their grace period during that time. I won't be graduating until spring '09, but the spring '08 term just ended yesterday and already they're on my rear end about paying up. Starting on June 4th, I'll be taking 6 credits throughout the summer and I'll be enrolled full-time in the fall, but my school can't give me any official proof of registration documents until after the first day of classes. I called Sallie Mae to ask them why I can't defer it, and they said that if they detect that I'm not in classes full-time on May 28th (a day during my mere week of a break!) then I'll have to pay up, no matter what. Argh! How can I make them leave me alone? I'm stuck in limbo until June 4th. Maybe I'll just let the loan payment be late until then, and then fax the enrollment docs? I really can't afford to pay it right now since I'll be out of the country during that break, making my dollar stretch abroad.
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May 21, 2008 02:07
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If my boyfriend called Sallie Mae for me, even if his intentions were very good, I'd still get pissed off at him for getting into my financial business. Just my two cents.
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May 25, 2008 12:34
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Dear Wiggy, here are my facts: -I need a private loan of $7500. -My parents passed away so I don't have a co-signer. I don't have brothers or sisters either, and I could never ask my grandparents for various reasons. This also makes me "independent." -My credit score is a lovely 620. The last two digits are my age. -My tuition has already been covered through Pell and New York TAP, but I need the money to help pay for the cost of rent, etc. New York is so pricey.  I also want to use it to pay off credit cards I used during a financial emergency so I can try to boost my credit score and sort of consolidate things. Is this a good idea? I want to pay off three cards, chop them up, and then pay down the last one but keep it open. Then, when I graduate school, I want to consolidate my Federal and private loans so all of my debt can be in one place.What should I do? Man, it sucks to be an orphan.
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Jun 30, 2008 20:18
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Carlton Banks posted:Neither. Think of EFC as a tool to figure out who is in the greatest need of grants or other need-based awards. Someone with an EFC closer to 0 will get more in grants/subsidized loans than someone with a high EFC. A 2500 EFC is on the low end, so you might get lucky and get some need-based awards. Don't sweat it. My EFC is 0 (because both of my parents died before I turned 18), and they STILL don't give me enough money to be able to make ends meet. If they don't approve me for more Federal loan money this month, I might have to learn how to dance on a pole. 
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Jul 12, 2008 06:54
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| # ¿ Apr 28, 2024 06:53 |
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Wiggy -- remember my situation from before? I got a friend who'd sign up as a co-borrower, and Sallie Mae and My Rich Uncle both outright denied me. The latter gave me this message: "Unfortunately at this time we are unable to arrange credit for you, regardless of your Co-borrower. For more detailed information about this decision please refer to the status email that was sent to you." My credit score is currently 620. I think I've exhausted my Federal options. I really, really need a private loan right now. What do I do?!
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Jul 23, 2008 02:36
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