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DiskMan

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Since: Aug 08, 2003
Posts: 1



(Msg. 1) Posted: Fri Aug 08, 2003 1:38 pm
Post subject: Student Loans for College...
Archived from groups: soc>college>financial-aid (more info?)

I was wondering, whatever happened to applying for a loan, giving them the
dollar amount, and then receiving the check a month later? The reason I ask,
I was going back to college and I noticed they've changed things a bit. The
school now dictates how much money they're going to give you, not only in
terms of grants but also in terms of loans. This is fine but it turns out
that neither are enough to attend college...

Anyone happen to have any idea's where I can lay my hands on an additional
$3,000? Is there some other loan plan available that non-dependent adults
can take advantage of?

I've always heard of ppl taking out loans over the amount of college in
order to pay off debt, I just simply want it (loan) to cover the remainder
and to provide some additonal cash for books which are running at $200 a pop
per class (thats an average)... Any suggestions would be greatly
appreciated... TIA... Will L G (й§kMªñ)

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Karin

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Since: Dec 08, 2003
Posts: 6



(Msg. 2) Posted: Fri Aug 08, 2003 1:38 pm
Post subject: Re: Student Loans for College... [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

" DiskMan" <nobody RemoveThis @thewheel.com> wrote in message news:<z4LYa.70224$7O4.1647056@twister.rdc-kc.rr.com>...
> I was wondering, whatever happened to applying for a loan, giving them the
> dollar amount, and then receiving the check a month later? The reason I ask,
> I was going back to college and I noticed they've changed things a bit. The
> school now dictates how much money they're going to give you, not only in
> terms of grants but also in terms of loans. This is fine but it turns out
> that neither are enough to attend college...
>

When I attended college I never even applied for financial aid, even
though I probably could have as my mother was a widow, so I can't tell
ya about loans
But as the subsidized federal aid comes from the government, it does
make sense, to be at least that they don't just cut you a check.
Private loans can be for whatever amount you want, of course interest
will be higher.
>
> I've always heard of ppl taking out loans over the amount of college in
> order to pay off debt, I just simply want it (loan) to cover the remainder
> and to provide some additonal cash for books which are running at $200 a pop
> per class (thats an average)... Any suggestions would be greatly
> appreciated... T

Education loans can and do include money for expenses including books.
Books are high I agree, one required freshman level class my daughter
took required 18 books and that was just for all semester. However
many ways to cut expenses that way
She has had very good lucky finding used or remainered books through
websites like these or used at Amazon. Many in perfect condition and
just published. Our biggest savings so far was for a biology testbook
with CD that new ran about $187. but we found it remainered for $23.

http://www.bestwebbuys.com/books/

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Steve Blank

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Since: Jun 25, 2003
Posts: 261



(Msg. 3) Posted: Fri Aug 08, 2003 4:00 pm
Post subject: Re: Student Loans for College... [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

First, confirm that the school gave you all the Stafford loans you are
eligible for. Undergraduate Stafford loans are $2,625, $3,500, or $5,500
depending on whether you are a freshman, sophomore or junior/senior.

Independent undergraduates may also take an additional $4,000 to $5,000
unsubsidized Stafford loan. If it wasn't included in the college's award
letter you should ask for it.

If you have already been offered the full limit on Stafford's, it sounds
like what you are looking for is what the colleges call alternative
loans - non-government private loans. There are many available with
various terms. All require a satisfactory credit standing for the
borrower (or cosigner if needed), have various interest and fee rates,
and some allow no payments until graduation.

A few websites you could look at to start learning about them are

http://www.salliemae.com
http://www.bankofamerica.com,
http://www.key.com/educate
http://www.studentloan.com

There are many others and there may be some available through your state
higher education agency. The college financial aid office should be able
to give you leads.
--
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761

DiskMan wrote:
> I was wondering, whatever happened to applying for a loan, giving them the
> dollar amount, and then receiving the check a month later? The reason I ask,
> I was going back to college and I noticed they've changed things a bit. The
> school now dictates how much money they're going to give you, not only in
> terms of grants but also in terms of loans. This is fine but it turns out
> that neither are enough to attend college...
>
> Anyone happen to have any idea's where I can lay my hands on an additional
> $3,000? Is there some other loan plan available that non-dependent adults
> can take advantage of?
>
> I've always heard of ppl taking out loans over the amount of college in
> order to pay off debt, I just simply want it (loan) to cover the remainder
> and to provide some additonal cash for books which are running at $200 a pop
> per class (thats an average)... Any suggestions would be greatly
> appreciated... TIA... Will L G (й§kMªñ)
>
>
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