i am going to grad school but my credit sucks and i cant take out loans what can i do to pay for school?

Question

i am not qualified for government aid. how can i pay for school when my credit score sucks and no one will give me a loan??

i had way too many student loans as an undergrad and i am over the government limit. i have a job but the job does not have tution assistance and i dnt get paid much. can you help now

my credit rate is bad because i didnt pay bills on time. how can you rebuild your credit

i can join the military and cannot rely on my parents. i already got into grad school. there are no scholarhips that i can get. i need help

Answer 1

1. If you have already been accepted to a graduate school, contact the student aid office at the school. They can look at your information and give you some advice on how to pay for school. They may know about scholarships or grants for which you could apply. You should probably do some research on that yourself as well.

2. There are Internet web sites and books you can find at your library that describe different types of scholarships and grant programs.

Scholarships do not always require high grades. A scholarship may be established by someone who wants people with their same name to go to college. Or there may be scholarships in your chosen field of study.

3. You can always pay for at least a portion of your graduate school education by working. The student aid office will help you to identify the number of hours you should work. Some courses of study limit the number of hours you can work at a job because they know that if you exceed those hours, you're not going to have time to complete your class work. They may also have a list of available jobs. If you get a job at the school, as a TA, for example, you may have the benefit of a discount on tuition and/or books.

Working to pay for school very likely means that you won't be taking a full course load. You'll have to make time for the job, and pay from the job very likely won't cover the cost of a full course schedule. This means it may take longer for you to complete your graduate degree.

Once you've started your graduate course of study, however, you could start looking for internships or other opportunities to work with companies in the field you plan to enter. Internships sometimes don't pay anything, except to give you experience. Others may pay a minimal amount as a starting position. But you'll make contacts, and some companies offer tuition assistance if they value your contribution and believe in your future in the field.

Since you say that your credit score "sucks," you should also start to work on rebuilding your credit. If you're able to maintain your standing in graduate school and rebuild your credit within a year or two, you may qualify for loans or other financial aid that you don't qualify for now.

Good luck to you!

Answer 2

You just screwed yourself by not paying your bills on time. Start paying your bills on time. It takes years to repair your credit. Life is tough so you have to sacrifice. You can take up two jobs in the summer when you're not taking any classes. You can start buying used or refurbished things, but you risk having it broken. My roommate was so broke that he finished 4 boxes of ramen within a month~! I'm not saying you should do that, but cooking at home saves a lot of money. People do whatever it takes to save money.

Try to get good grades. You can save money on your car insurance even if you don't get a scholarship. I know somebody who got a scholarship when he almost got straight A's one semester from the school. There is still hope even if your grades are not as good at first.

Life is short, work hard.

Answer 3

Assuming the program at USC is eligible for Title IV aid, you can receive up to $20,500 per year in Direct Stafford loans at the graduate level, up to an aggregate total of $138,500 (this includes your undergraduate loans). If this is not enough to cover your expenses, you can also apply for a Graduate PLUS loan for an amount up to the cost of attendance at your school. However, Grad PLUS loans are credit based, so it would depend on your credit score.

Answer 4

You'll probably have to work full time and go to school part time and utilize the school's payment options. In the meantime, rebuild your credit.

Most employers check your credit, so if you have a bad score, it's not likely you'll land a good career job after grad school anyway.

Answer 5

Join the military. My son's undergraduate engineering degree was paid for by the Army and now the Air Force is paying his way through two masters degrees(also in engineering).

Answer 6

You should engage in an activity which is extremely financially rewarding. (Unfortunately, most of these are illegal, and you might end up in jail, but rewards are proportionate to risks).

Seriously, I think I'd find out WHY your credit rating is so low, and then take positive steps to clean this up. Without knowing more details, it is difficult to offer a meaningful answer.

Good luck!

Answer 7

apply for merit scholarships or fellowships
defer going to grad school until you save up enough money
go to a cheaper state school
take classes at a community college

Answer 8

some school have a payment plan try to find which ones
scholar ships try to shoot for them
save up and go part-time
the only way i know that u can rebuild your credit it to try to consolidate your debt and just pay one flat rate

Answer 9

Student loans. They do not go by your credit in order to obtain them. Did you not have any while you were an undergraduate?

Answer 10

You may have to suck it up and work for a few years, saving up.

"You can't always get what you want-and if you try sometime-you might find-you get what you need."
--The Rolling Stones--