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Loans
I am 23 years old and starting college for the first time in January. For the past 3 years I've been on again-off again working (currently unemployed) and living with a boyfriend who financially supported me. now we've seperated and I've moved back in with my parents. very hard adjusting, as you can imagine. worse, i had to leave my old car to him, he never had his own, so he could get to work. anyway, i need student loans desperately and I'm running out of time. i need about 2500 dollars total, my parents just can't do it. they could co-sign, but i have a sister who's going to need that too, so its a difficult situation. what can i do???
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Maybe give some free advice about: Personal Finance?
In addition to what the previous person said, you can also apply for financial aid, which might just give you enough Grants, which you dont have to pay back. Also, the financial aid office at your college can help you with getting loans through the government, which deferred until you graduate.
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Student loans aren't hard to pay back. I'm currently taking out a lot of them. The cosigner is only there "just in case" to give the lender a little extra security since you probably don't have established credit yet. The lender has no way of telling if you are a responsible person that is going to make your payments in the future, which I'm sure you are. If your parents are willing to cosign for a student loan for you, don't feel bad having them do it. The chances of it being a problem for them in the future are VERY small. You'll be able to make the payments easily after you get out of college as long as you get a job of some sort.
You could try applying without a cosigner first. You probably wouldn't get very good interest rates and you might end up being required to have someone cosign, but there's no harm in looking into it.
You can apply for a student loan right on this website. It's very straightforward. [Link](Mouse over link to see full location)
Good luck! :)
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