Page 1 of 1

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

Posted: Tue Mar 26, 2013 10:43 pm
by okieboy09
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.

Re: Needing More Aid After Using All Stafford Loans Amount

Posted: Tue Mar 26, 2013 10:47 pm
by rinkrat19
Yes. That is what Grad+ loans are for.

Re: Needing More Aid After Using All Stafford Loans Amount

Posted: Tue Mar 26, 2013 10:48 pm
by teiswei
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.

Re: Needing More Aid After Using All Stafford Loans Amount

Posted: Tue Mar 26, 2013 10:48 pm
by okieboy09
rinkrat19 wrote:Yes. That is what Grad+ loans are for.
Should I use all my Stafford amount first?

Re: Needing More Aid After Using All Stafford Loans Amount

Posted: Tue Mar 26, 2013 10:49 pm
by rinkrat19
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.