2007-10-29 05:23:57 · 9 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
He can try and get a low interest or no interest loan from the federal government. He could qualify if your income is low enough.
2007-10-29 05:26:56 · answer #1 · answered by typocinnamongrl 2 · 1⤊ 1⤋
The best thing your son can do is to apply for a federal student loan. Here's what he needs to do:
1) Fill out the FAFSA. This will determine if he's eligible for financial aid. Go here:
http://www.fafsa.ed.gov/
2) Once he is eligible for aid, choose a government-based student loan. The best loan to get is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it. For more info go here:
http://www.studentfinancedomain.com/student_loans/perkins_student_loans.aspx
3) The next best loan to get is a Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan. Learn more here:
http://www.studentfinancedomain.com/student_loans/subsidized_stafford_loan.aspx
He can also try to get a grant or scholarship, which is free money that he won't have to pay back. You can read about grants here: http://www.studentfinancedomain.com/financial_aid/college_grants.aspx
Here are sites that offer grants:
http://www.fedmoney.org/
http://www.freegovmoney.net/
http://www.grants.gov/
You can read about scholarships here:
http://www.studentfinancedomain.com/financial_aid/college_scholarship.aspx
And here are some good sites that offer scholarships:
http://www.findtuition.com/scholarships/
http://www.nextstudent.com/scholarship_search/scholarship_search.asp
http://www.brokescholar.com/
http://apps.collegeboard.com/cbsearch_ss/welcome.jsp
http://www.educationplanner.com/education_planner/paying_article.asp?sponsor=2859&articleName=Grants_and_Scholarships
http://www.studentawards.com/
http://www.college-scholarships.com/
Good luck!
2007-10-29 09:57:23 · answer #2 · answered by Anonymous · 1⤊ 0⤋
You really can't because for student loans if the student doesn't have any credit they will need the parent as a co signer. FAFSA is too picky with that. The best thing is for your son to apply for scholarships... a lot of them.
2007-10-29 05:29:57 · answer #3 · answered by Jose P 2 · 0⤊ 1⤋
Go through the counselor at the school. The best solution is to apply for grants, which don't need to be paid back. Is his desire a career that the military could train him for in return for a few years service? Or, let him get a job and work his way through. Depending on student loans will put him in financial distress when he graduates, and you admit the parents haven't demonstrated proper financial responsibility. By not incurring debt, he will have none to pay off. Yes, this means schooling may take a little longer, but such is life.
2007-10-29 05:34:30 · answer #4 · answered by terrellfastball 6 · 1⤊ 1⤋
Go to a local college and request a financial aid form, fill that out and submit it first to find out how much he'll qualify for. Try to get as much free money as you can before getting a loan. Usually the people in financial aid will help with a lot esp. if you schedule an appointment. Take your son with you because he'll have to sign.
Student loans will have to be repaid when he either quits school or graduates and always consolidate first.
If he quits school and a year later decides to go back to school his application will be denied until all the loans are paid in full.
2007-10-29 05:31:52 · answer #5 · answered by sissy4everyours 3 · 2⤊ 0⤋
He can get a federally insured student loan that requires no credit history. He should check with the financial aid office at the college he attends or check FAFSA.gov online.
2007-10-29 05:28:12 · answer #6 · answered by Anonymous · 2⤊ 0⤋
Apply for FASFA and then get a government loan. No credit check.
2007-10-29 05:26:42 · answer #7 · answered by Tippman 1 · 2⤊ 0⤋
if he were living on his own (away from home) and had a job he would be able to get a student loan on his own.
2007-11-02 05:06:27 · answer #8 · answered by sophieb 7 · 0⤊ 0⤋
student loans are not like car and home loans. they are easier to get and have a lower intrest, see if he can do it alone. if not try the financial aid office as they too can give you pointers.
2007-10-29 05:34:32 · answer #9 · answered by Anonymous · 1⤊ 1⤋
get good grades and go for a scholarship-also government grants-like the Pell Grant-your guidance counselor should have a book that lists many options
http://grant.careersandcolleges.com
2007-10-29 05:34:11 · answer #10 · answered by suan b 3 · 0⤊ 1⤋