2006-06-13 16:38:08 · 12 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
Have you applied for financial aid? If financial aid isn't available for you, maybe check out some scholarships through your school. I personally don't think $2000 is a lot to have spent so far on your education. I have about $20,000 I still owe on my student loans but I know once I start working next year it'll be paid quickly. Can you not get another loan through the bank or do you not want to get one for personal reasons? I believe anyhow that as long as your a student and meet the criteria (hours in class and such) you can get a loan regardless. Good luck to you and I hope you recieve the results your looking for.
2006-06-13 16:42:30 · answer #1 · answered by blondieblue98 3 · 0⤊ 0⤋
This really shouldn't be a problem. There are several things you can do.
1. Register for school as soon as possible.
2. Complete the Free Application for Federal Student Aid at fafsa.ed.gov and have the results sent to your school of choice.
3. Visit the school's financial aid office and discuss your FAFSA with them. They will be able to tell you if you qualify for any scholarships, grants or loans. Since you already have student loans you should at least qualify for those again. Financial aid will depend on many factors, including age, dependent status, and income of you and/or your parents.
4. Visit fastweb.com for other scholarships you can qualify and apply for. (I have friends that received a couple thousand dollars from scholarships found here.)
Keep in mind that there is plenty of money out there for college, you just have to find it. It's always best to talk with the financial aid office, they know their stuff. I got through college on student loans and it was the best money I ever borrowed. It's cheaper interest rates than credit cards!!
2006-06-13 16:52:16 · answer #2 · answered by Kimberly H 1 · 0⤊ 0⤋
The same problem happened to me and I still owe $5000. But i am a full time student as of now. All you need to do is call the bank that gave you your first student loan, ask for the manager or someone of authority. Then you explain the situation and tell them that you are thinking about going back to school and that you are very serious about your career. Then they will put you on hold and verify all your info. After that they will tell you to go to the school you plan on attending and when you enroll you will need to go to financial aid. The financial Aid people then have to call the bank for verification of your attending the school. And the bank will then decide what is going to happen. If all you owe is $2000 then they will definitely give you a break and then tell you that once you finish your degree, you will have a grace period of six-months and then they will begin to send you the invoices for your payments. They will definitely work with you. Plus the monthly payments are only like $50. If there are any other questions of this matter, feel free to contact me. Hope this information is useful.
2006-06-13 16:45:59 · answer #3 · answered by ricancari 2 · 0⤊ 0⤋
As long as you didn't default on your loans (ie not pay when you should have) then you can still get more loans and finish school. I will owe over $80,000 by the time I'm out. You don't have to start paying back your loans until 6 months after you graduate.
2006-06-13 16:43:16 · answer #4 · answered by Fat Guy 5 · 0⤊ 0⤋
If you go back to school your current student loan should be suspended, meaning you don't have to pay on it more while you're in school. You'll just pick it up again on the other side. Check with your financial aid office to see if you're eligible for aid. More than likely you will need to fill out a FAFSA. If you filled this out before electronicly you will need you're pin number. Also check out websites like www.fastweb.com for scholarships. The financial aid office should also be able to point you in the right direction. GOOD LUCK!
2006-06-13 18:57:20 · answer #5 · answered by gracefulelephant 2 · 0⤊ 0⤋
Student loan re-payments are often deferred if you go back to school. You may have to get another loan to continue on in school, but your current payments won't be due until you finish school. You just need to let the lender know that you have enrolled in school again and they will take care of the rest!
2006-06-13 16:49:24 · answer #6 · answered by daddysnurse 5 · 0⤊ 0⤋
Check out www.edfinancial.com and see what they have to offer. Your current loans can be deferred until about 6 months after you graduate, but don't forget that the interest will continue to accrue while you're in school. So, it's a good idea to continue to pay just the interest each month until you graduate. It shouldn't be much, if you only have $2000 left to pay, depending on your interest rate on that loan.
2006-06-13 16:57:47 · answer #7 · answered by suzywat 2 · 0⤊ 0⤋
The loan company will most likely hold off making you pay the current loan off and let you take out another one. Talk to the loan company and the universities financial aid dept for correct procedure to follow to make this possible.
2006-06-13 16:48:11 · answer #8 · answered by Jo Jo 3 · 0⤊ 0⤋
I owe 57,000 dollars and I am still finishing up my masters degree. If you want it you will get it. Loan places will always help you out
2006-06-13 16:41:39 · answer #9 · answered by ? 4 · 0⤊ 0⤋
register back in school; after 30 days out of school the loans beguine to be collected, apply for a job that offers tuition reimbursement this means that you must pay for the first semester back, AFTER SHOWING PASSING GRADE THEY REIMBURSE YOU AND YOU PAY THE NEXT ONE WITH THAT MONEY. THERE ARE GRANTS AND FEDERAL LOANS FOR ANY SCHOOL CONTACT YOUR FINANCIAL AID OFFICE IN THE SCHOOL YOU WANT TO ATTEND.
2006-06-13 18:53:53 · answer #10 · answered by razorraul 6 · 0⤊ 0⤋