Taking out additional loans

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
The Greyest Goose
Posts: 21
Joined: Mon Aug 13, 2012 4:07 pm

Taking out additional loans

Postby The Greyest Goose » Wed Jan 02, 2013 10:05 pm

I was wondering if/how i could take out additional loan funds for the second semester. I already have GradPLUS loans I would just need 2-3K more

B90
Posts: 263
Joined: Wed Sep 26, 2012 3:08 pm

Re: Taking out additional loans

Postby B90 » Thu Jan 03, 2013 3:14 am

The Greyest Goose wrote:I was wondering if/how i could take out additional loan funds for the second semester. I already have GradPLUS loans I would just need 2-3K more

First, speak with your school's financial aid office. If you can convince them it's for something "warranted," they can probably help you out, especially if it really is only 2-3k.

User avatar
rinkrat19
Posts: 13914
Joined: Sat Sep 25, 2010 5:35 am

Re: Taking out additional loans

Postby rinkrat19 » Thu Jan 03, 2013 3:16 am

If you didn't take out the entire amount offered by your school, you may be able to take out what you previously thought you wouldn't need.

If you took out the whole amount but have a legitmate additional expense (the example I usually hear is childcare costs), your school might get you some more loans.

If you took out the entire amount and just suck at budgeting, you're probably just SOL.

The only people who can help you are in the financial aid office at your school.

The Greyest Goose
Posts: 21
Joined: Mon Aug 13, 2012 4:07 pm

Re: Taking out additional loans

Postby The Greyest Goose » Thu Jan 03, 2013 7:48 am

I took out well under the amount my school will allow me to take out

User avatar
DCDuck
Posts: 242
Joined: Mon Apr 06, 2009 4:27 pm

Re: Taking out additional loans

Postby DCDuck » Thu Jan 03, 2013 8:29 am

Then just talk to your school's financial aid department. They can usually release to you whatever amount of the school loans you didn't take out.

Try to minimize the GradPLUS loans and private loans you take out because the interest rates are too damn high.




Return to “Financial Aid”

Who is online

Users browsing this forum: No registered users and 1 guest