What's my best choice for getting a student loan? I don't have good credit but i have a cosigner.?

Question

I'm already getting the financial aid from federal but i need about 6000 more for rent and expenses etc. Also I was wondering how are they dispursed? once each semester for half of your requested amount or just once for the whole sum?

Answer 1

Stay away from loans as much as you can. You have no idea how burdensome it is to pay them back once you leave school.

There are tons of scholarships that go unclaimed each year. Many $400, $500 or $1000 scholarships never even get applied for because people think it's chump change and not worth applying for. Well, get a few of those $500 scholarships and it'll really make a dent in your tuition bill.

People make the mistake of looking for one big scholarship to pay for everything when they should be targeting smaller scholarships that are more regionalized or specialized to their intended field or reflect something unique about them (son of Italian policeman, daughter of registered nurse, etc). Everybody goes for the big scholarships, the competition for those is much higher and your chances are smaller of getting it. Research and apply for anything and everything you are close to being eligible for no matter how small the scholarship.

Do a search on scholarships, search your major, your ethnic heritage, your town, your parents employers, your employer, hobbies, high school, local Chamber of Commerce/Rotary/ Lion's Club etc. Left-handed? There is a scholarship out there for you! Older woman returning to school? There are scholarships out there for you. Do combined searches on more than one criteria "hispanic women aviation scholarships" etc.

Go to the library and ask the reference librarian for a reference book on scholarships. They usually have more than one. There are all kinds of scholarships out there, you just have to start applying yourself and make it your summer career to send out letters everyday for scholarships. Good luck!

Answer 2

Apply for a Chase Loan. This is a great option. If you have a credit worthy cosigner and you, yourself, have never defaulted on a loan then you should be pre- approved and you get your money usually within 5 days after final approval and processing! Go to this website: www.chaseed6.com

The other cool thing is that you can choose immediate repayment of principal and interest, immediate repayment of interest (best option) or deferred payment of both until after you graduate and then you have a 6 month grace period before you pay; however, it is best to pay the monthly interest so that it doesn't capitalize.

Answer 3

First, make sure that you have exhausted all your options for Federal student loan funding (Stafford, Perkins, PLUS, etc.).

If you need a private educational loan and you have a creditworthy co-signer, the sky's [just about] the limit. Any of the following are good loans:

* Sallie Mae's Signature Loan (the most popular private loan product.)
* Citibank's CitiAssist Loan
* TERI Loan

Some states offer special private loans to students who are (a) residents of that state or (b) attending school in that state. These loans often have wonderful rates & terms. Ask your school if they know of any such companies... Off the top of my head, I know that Massachusetts (MEFA), Vermont (VSAC), Connecticut (CHESLA), and Alaska (Alaska Advantage) all offer loan programs like this.

Many schools will require that loan fund be disbursed half-and-half (if you apply for $6000 you will get $3000 in Fall and $3000 in Spring). In general, it's not a bad idea to appeal for a year at a time, anyway. (It is possible to be approved for one application but denied for the next and you wouldn't want to secure financing for Fall but then be up a creek without a paddle for Spring.)

Answer 4

Well, you should first check with the college financial office to see what might be available for you. They'll help you find the best loan possible.

Answer 5

if you are over 24 apply for a pell grant

if under 24 look into tap... also you get get both a subsidized and unsubsidzed loan from the government

Answer 6

I usually got a seperate amount each semester

Answer 7

fill out fafsa and go to your financial aid office

Answer 8

Try http://www.myrichuncle.com/