cancel
Showing results for 
Search instead for 
Did you mean: 

NEED HELP!

tag
Luscher
Valued Contributor

NEED HELP!

I can not get any more federal aid for the upcoming school year.

 

I need to come up with $7500 for the year. that is $3500 for the fall semester and $3500 for the spring.

 

I would like to take it all out at the same time so it is only 1 inquiry and only 1 account.

 

About me: 740 CS, 2 inquiry's this month (1 for a CLI, and 1 for an approved cc app.) Also have an auto loan. all acct's have always been pif on time.

 

Income: Shouldn't matter because it is a student loan, but about 20K.

 

I am looking to either apply to:

Wells fargo (Checking acct with them)

Discover (cc with them)

Chase (new cc with them)

 

Any recommendations, and also will I be approved for this amount? I am a junior and am going to have to this same exact procedure next year so what I learn now will help me again next year.

 

PS. Please do not tell me how private loans are a bad idea. I KNOW! I do not want them but they are my only option. My father was denied for a parent plus loan and I have gotten the max I can from federal aid for the year.

 

Any help is appreciated. Thanks in advance

CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 1 of 9
8 REPLIES 8
SCF
Valued Contributor

Re: NEED HELP!

If you feel like private loans are a better option than finding another source of funds or lowering your costs (like taking a semester off to work, or trying to take some courses at a local community college or online if your school allows it) then I would read carefully through the terms at the lenders you identified, and apply at the one offering the best terms/lowest interest rate.  If they decline you, apply to your second choice.  You have a strong credit score for a student, so that may work in your favor, but many private lenders seem to require a co-signer as a matter of course, so you'll want to consider if that is an option for you and who you might ask to take on that responsibility.

Message 2 of 9
Luscher
Valued Contributor

Re: NEED HELP!

We would have been able to get a parent plus if we had a co signer, so thats pretty much out of the question. I cant take any time off from school. But hopefully I can get a loan on my own.

CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 3 of 9
Luscher
Valued Contributor

Re: NEED HELP!

BUMP, if anybody knows of any other options other then what I talked about in the intro let me know. All I see now is private loans. Its probably going to be 15000 over the next 2 years. 7500 each year. SUX!

CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 4 of 9
09Lexie
Moderator Emerita

Re: NEED HELP!

You might want to look into Citibank. Awhile ago, I looked at them for my kids but decided to go another route. It was 6 years ago so my suggestion might be a bit dated. Good luck
Message 5 of 9
Luscher
Valued Contributor

Re: NEED HELP!

Amazing news! I foud a co signer and was approved for all financial aid
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 6 of 9
bahbahd
Established Contributor

Re: NEED HELP!

A cosigner for what? The PLUS loan or for private loans?

Message 7 of 9
Luscher
Valued Contributor

Re: NEED HELP!

PROBLEM RESOLVED. THANK YOU GUYS THOUGH
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 8 of 9
09Lexie
Moderator Emerita

Re: NEED HELP!

Message 9 of 9
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.