Another student loan?

Question

I am a full time graduate student. I received a subsidized and unsubsidized Stafford loan. Unfortunately I had unexpected expenses come up (car repairs, medical bills that insurance didn’t cover, etc) that will virtually exhaust the loans I recieved. I will barely have enough money to survive the semester. I wanted to know if there were any banks (Sallie Mae?) that would offer additional loans to students at somewhat fair interest rate. At this point I am desperate. Would I even qualify for an additional loan since I already received a subsidized and unsubsidized loan for this term? Any suggestions would be appreciated.

Answer 1

There are alternative loans for students out there, most of them will require your parent co-signing though, unless you are older or what is considered an Adult learner. Some of these loans are considered personal, others are alternative student loans. I would look online at some of the banks information, check with your parents bank, and see what your options are. How much longer are you a student for? As soon as you get your last loan disbursement, I would consolidate all your loans immediately to get the good low interest rates right away

Answer 2

You can apply for private educational loans. Your local bank might offer some.