Needing More Aid After Using All Stafford Amountv-HLP PLZ!

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okieboy09
Posts: 13
Joined: Fri Mar 15, 2013 3:26 am

Needing More Aid After Using All Stafford Amountv-HLP PLZ!

Postby okieboy09 » Tue Mar 26, 2013 10:43 pm

So, I am completely new to this as I didn't take out any undergraduate loans. I do not have any adverse credit history or anything like that. The cost of attendance at my school is $36,606.00 per year (9 month period), living included. I have been offered the maximum in Stafford Unsubsidized Loans and have a $1,000 Tuition Waiver per year, totaling $21,500.00.

If I take the full amount in my Stafford, what are my options to make up the difference of approximately $15,106? I know there are Grad PLUS Loans. I am wondering if I could borrow the difference with those?

If someone could shed some light on this, I would greatly appreciate it! :) I am trying to avoid using private loans if I can avoid it.
Last edited by okieboy09 on Tue Mar 26, 2013 10:48 pm, edited 1 time in total.

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rinkrat19
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Re: Needing More Aid After Using All Stafford Loans Amount

Postby rinkrat19 » Tue Mar 26, 2013 10:47 pm

Yes. That is what Grad+ loans are for.

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teiswei
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Joined: Thu Sep 29, 2011 3:50 pm

Re: Needing More Aid After Using All Stafford Loans Amount

Postby teiswei » Tue Mar 26, 2013 10:48 pm

There are also private student loans which actually have better rate than plus plans but will most likely require a consigner. The biggest providers are Sallie Mae, Wells Fargo, and Discover.

ETA: a lot of private loans don't have fees either.

okieboy09
Posts: 13
Joined: Fri Mar 15, 2013 3:26 am

Re: Needing More Aid After Using All Stafford Loans Amount

Postby okieboy09 » Tue Mar 26, 2013 10:48 pm

rinkrat19 wrote:Yes. That is what Grad+ loans are for.


Should I use all my Stafford amount first?

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rinkrat19
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Re: Needing More Aid After Using All Stafford Loans Amount

Postby rinkrat19 » Tue Mar 26, 2013 10:49 pm

okieboy09 wrote:
rinkrat19 wrote:Yes. That is what Grad+ loans are for.


Should I use all my Stafford amount first?

Yes, they have a lower rate.




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