Should I expect enough Loans and Aid to fully pay... Forum
-
- Posts: 31
- Joined: Thu Jul 15, 2010 11:04 pm
Should I expect enough Loans and Aid to fully pay...
.............................
Last edited by aabuster1 on Fri Sep 04, 2015 4:39 pm, edited 1 time in total.
-
- Posts: 886
- Joined: Tue Mar 15, 2011 6:08 pm
Re: Should I expect enough Loans and Aid to fully pay...
Yeah, Fed loans will cover tuition + cost of living as long as you don't have an adverse credit history. If you do have one, then you can only get $20.5k in federal loans.
-
- Posts: 321
- Joined: Mon Oct 25, 2010 5:15 pm
Re: Should I expect enough Loans and Aid to fully pay...
What are the details on this? I have bad credit, but can I get a co-sign for more money? Is this per year or total?aliarrow wrote:Yeah, Fed loans will cover tuition + cost of living as long as you don't have an adverse credit history. If you do have one, then you can only get $20.5k in federal loans.
-
- Posts: 886
- Joined: Tue Mar 15, 2011 6:08 pm
Re: Should I expect enough Loans and Aid to fully pay...
To be specific, you can get:iowalum wrote:What are the details on this? I have bad credit, but can I get a co-sign for more money? Is this per year or total?aliarrow wrote:Yeah, Fed loans will cover tuition + cost of living as long as you don't have an adverse credit history. If you do have one, then you can only get $20.5k in federal loans.
$8,500 in subsidized interest Federal loans (no credit check)
$12,000 in unsubsidized Federal loans (no credit check)
And the difference between that and the budget established by your school in GradPlus loans. The credit requirements are basically no negatives on your Equifax report (you can go to http://www.Equifax.com to check for free). This means no judgments, no defaults, no foreclosures, no bankruptcies, and you can't have any outstanding debt for >3 months. If you just have bad credit because of a high debt to credit ratio then you're ok, you're also fine if you don't have a credit history.
You can have someone cosign for these if you don't qualify alone because of credit. (http://www.gradloans.com/graduate-plus- ... igners.php)
If not, you have to take out private loans, which is a very bad idea since you don't have the IBR safety net.
-
- Posts: 31
- Joined: Thu Jul 15, 2010 11:04 pm
Re: Should I expect enough Loans and Aid to fully pay...
Thank you for the quick response.
Tuition plus cost of living. Are you saying I should expect tuition plus room/board or enough to cover UofL's full estimated cost of attendance as I pasted below ($33,900) ?
Sorry to be a bother - I just want the best estimate of where I am going to stand that I can find.
Thanks again.
2010-2011 Estimated Annual Cost of Attendance for Full-time Students **
Hours Resident
Tuition $15,600
Room/Board $8442
Books/Supplies $1000
Travel $3274
Personal Expenses $5514
One time Orientation Fee $60
Stafford Loan Fees $90
TOTALS $33,980
Tuition plus cost of living. Are you saying I should expect tuition plus room/board or enough to cover UofL's full estimated cost of attendance as I pasted below ($33,900) ?
Sorry to be a bother - I just want the best estimate of where I am going to stand that I can find.
Thanks again.
2010-2011 Estimated Annual Cost of Attendance for Full-time Students **
Hours Resident
Tuition $15,600
Room/Board $8442
Books/Supplies $1000
Travel $3274
Personal Expenses $5514
One time Orientation Fee $60
Stafford Loan Fees $90
TOTALS $33,980
-
- Posts: 886
- Joined: Tue Mar 15, 2011 6:08 pm
Re: Should I expect enough Loans and Aid to fully pay...
Yeah, it covers all of that
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login