I am entering my Sophomore year at a private, four year institution this year and still need to pay $7,649 before the beginning of the school year. This amount was determined after subtracting the total awards that the school awarded me from the total tuition for the school year.
Today I applied for a $3,500 Federal Stafford Loan through Nellie Mae.
Every road I take is a dead end in terms of finding a company with low interest rates. I am the first member of my family to attend a post-secondary institution, let alone full-time, and really have no idea what I'm doing.
Last year, my parents applied for a Federal Direct Loan for $6,000 and we're currently paying on that amount.
I'm really worried that my total loan amount is going to be enormous when I graduate and that I will have no way of paying it off without living at home. Any suggestions about a good company or other financial advice is greatly appreciated, so much that I will reward someone with ten points.
Thanks.
2006-07-21
18:52:21
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4 answers
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asked by
mwrc09
3
in
Financial Aid