I have been getting loans through school, but my grades have taken a dive. I am a hurricane Katrina survivor and trying to deal with how my life has changed. Anyway, I am still in school, but now the school says they can't give me more loans until my grades improve. I can't go to school without loans! So, does anyone know who or where I can get loans for school when my grades aren't that great. And by not that great, I mean I have been getting C's and a D. Thanks.
2007-05-14 13:01:16 · 4 answers · asked by cows4me79 4 in Education & Reference ➔ Financial Aid
As far as i know, loans are not dependent on grades but if that is what your school is telling you, try the following. You may need a private student loan.
Start by going to http://www.fafsa.ed.gov/ and filling out the online form for federal student aid. After finding out what you are eligible for in terms of subsidized stafford loans, you can figure out if that is enough to finance your tuition and expenses. In most cases, it isn't. If you find that you need more money then you are offered, you may want to try a private student loan.
The best thing to do is compare the different private lenders out there, which can be done at http://www.finaid.org/loans/privatestudentloans.phtml
Most of the rates are very similar but do a little research and pick one that you think is best. I would suggest Think Financial. The application process is very quick and easy, and the check is sent directly to you so you can use the money for whatever you want. The limits are much higher with private student loans, up to $40,000 per year. You can find out more information about a Think loan at http://www.thinkfinancial.com . Good Luck.
2007-05-15 05:49:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
seek help with a school financial aide officer. Ask for the different government loan programs. There are 3 different types that will cover most if not all of your education costs. Good Luck. Or go online and do a search for government student loan programs.
2007-05-14 15:18:06 · answer #2 · answered by gwproud5448 1 · 0⤊ 0⤋
I'm sure that as a Katrina victim there are grants that you are elligable for. Try doing a search for them. Also, have you filled out your FAFSA? If not, doing that might offer you some help too!
2007-05-14 13:05:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Try for a Federal Pell Grant, they have been very very good to friends of mine!
http://www.ed.gov/programs/fpg/index.html
2007-05-14 13:05:15 · answer #4 · answered by Charley M 3 · 0⤊ 0⤋