Student Loan Questions » Parents http://studentloanquestions.org Answers to all of your questions about student loans. Mon, 06 Feb 2012 12:05:43 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 What private Student Loans can I get if my parents have declared Bankruptcy and they are my only Co-Signers? http://studentloanquestions.org/student-loans/what-private-student-loans-can-i-get-if-my-parents-have-declared-bankruptcy-and-they-are-my-only-co-signers http://studentloanquestions.org/student-loans/what-private-student-loans-can-i-get-if-my-parents-have-declared-bankruptcy-and-they-are-my-only-co-signers#comments Sun, 24 Apr 2011 20:42:38 +0000 The Bursar http://studentloanquestions.org/student-loans/what-private-student-loans-can-i-get-if-my-parents-have-declared-bankruptcy-and-they-are-my-only-co-signers private student loans
by reallyboring

A question asked by Chris McKinney: What private Student Loans can I get if my parents have declared Bankruptcy and they are my only Co-Signers?
Alright, I am sitting here with 4,989 in Finacial Aid from my FASA and now I need to turn to private loans. The problem is my only Co-Signer’s (my parents) declare Bankruptcy about 6 years ago. Does anyone know of any loan service that will give us a loan so I can go to college?

Best answer:

Answer by Holly
$ 4989 seems like a low amount to receive for a student whose parents can’t afford school. Are you sure that isn’t your EFC? Is this the amount on the award letter from your college?

Well if they declared bankruptcy 6 years ago, it’s almost off their credit. Hopefully they have repaired it somewhat since then and at least have a decent score. If not, you’ll be eating it in interest.

Contact your bank/your parents’ bank. Only use them as cosigners if you must. Try it alone first. Options: Bank of America, Wachovia, Citibank, College Loan Corporation, Sallie Mae. You can find them all online.

Also if you want to try for scholarships, go to http://www.fastweb.com and see what you can apply for.

You can also contact your financial aid office and ask about work-study.

Good luck!

Do you know better? Why not leave your own answer in the comments below!

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]]> http://studentloanquestions.org/student-loans/what-private-student-loans-can-i-get-if-my-parents-have-declared-bankruptcy-and-they-are-my-only-co-signers/feed 1 Why do parents of emancipated children need to sign for government student loans? http://studentloanquestions.org/student-loans/why-do-parents-of-emancipated-children-need-to-sign-for-government-student-loans-2 http://studentloanquestions.org/student-loans/why-do-parents-of-emancipated-children-need-to-sign-for-government-student-loans-2#comments Sun, 23 Jan 2011 00:48:12 +0000 The Bursar http://studentloanquestions.org/student-loans/why-do-parents-of-emancipated-children-need-to-sign-for-government-student-loans-2 Question posed by Flicka S: Why do parents of emancipated children need to sign for government student loans?
When a child is over the age of 21, and child applies for student loan, the parents should not be on the hook for any pay backs if it’s in the adult child’s name right?

The No 1 answer:

Answer by fangtaiyang
The age cut off for student assistance counting parents income is 24

Whether you agree or disagree, why not leave your own thoughts below.

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]]> http://studentloanquestions.org/student-loans/why-do-parents-of-emancipated-children-need-to-sign-for-government-student-loans-2/feed 2 Student loans without a cosigner and a low gpa first semester? http://studentloanquestions.org/student-loans/student-loans-without-a-cosigner-and-a-low-gpa-first-semester http://studentloanquestions.org/student-loans/student-loans-without-a-cosigner-and-a-low-gpa-first-semester#comments Thu, 18 Nov 2010 02:47:30 +0000 The Bursar http://studentloanquestions.org/student-loans/student-loans-without-a-cosigner-and-a-low-gpa-first-semester
guy asked:


Hi i did horrible my first semester of college and my parents arent paying for my tuition any longer. So i need lots of student loans about 53,000 dollars worth over the next 4 years. How can i do that without a cosigner and not much credit and a low gpa. If it makes a difference i am joining the air force after college to become an officer so i will be able to pay them back

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]]> http://studentloanquestions.org/student-loans/student-loans-without-a-cosigner-and-a-low-gpa-first-semester/feed 0 Why do parents of emancipated children need to sign for government student loans? http://studentloanquestions.org/student-loans/why-do-parents-of-emancipated-children-need-to-sign-for-government-student-loans http://studentloanquestions.org/student-loans/why-do-parents-of-emancipated-children-need-to-sign-for-government-student-loans#comments Tue, 09 Nov 2010 07:53:05 +0000 The Bursar http://studentloanquestions.org/student-loans/why-do-parents-of-emancipated-children-need-to-sign-for-government-student-loans
Flicka S asked:


When a child is over the age of 21, and child applies for student loan, the parents should not be on the hook for any pay backs if it’s in the adult child’s name right?

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]]> http://studentloanquestions.org/student-loans/why-do-parents-of-emancipated-children-need-to-sign-for-government-student-loans/feed 3 Can I get student loans without a cosigner? http://studentloanquestions.org/student-loans/can-i-get-student-loans-without-a-cosigner http://studentloanquestions.org/student-loans/can-i-get-student-loans-without-a-cosigner#comments Thu, 04 Nov 2010 14:18:56 +0000 The Bursar http://studentloanquestions.org/student-loans/can-i-get-student-loans-without-a-cosigner
aslan649 asked:


Probably will need money for college no matter what I do. However, my parents won’t cosign for any money what-so-ever. Is there anyway I can get a student loan without a cosigner. Also, I’m just graduating this year. (senior 2008)

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]]> http://studentloanquestions.org/student-loans/can-i-get-student-loans-without-a-cosigner/feed 3 Money for College? http://studentloanquestions.org/student-loans/money-for-college http://studentloanquestions.org/student-loans/money-for-college#comments Sun, 24 Oct 2010 15:30:40 +0000 The Bursar http://studentloanquestions.org/student-loans/money-for-college
matthewsapaulainc asked:


MatthewSapaula, Inc. provides financial strategies and education to help more students/parents position themselves for college. Learn more by visiting www.matthewsapaula.com

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]]> http://studentloanquestions.org/student-loans/money-for-college/feed 0 what college scholarships are there for kids who’s parent is disabled? http://studentloanquestions.org/student-loans/what-college-scholarships-are-there-for-kids-whos-parent-is-disabled http://studentloanquestions.org/student-loans/what-college-scholarships-are-there-for-kids-whos-parent-is-disabled#comments Thu, 07 Oct 2010 20:48:32 +0000 The Bursar http://studentloanquestions.org/student-loans/what-college-scholarships-are-there-for-kids-whos-parent-is-disabled
natalie asked:


My father is disabled and unable to work. I am a current college student who is paying for tuition and living costs on my own. Does anyone please know of scholarships available for children who have a disabled parents and are in financial need? Thank you so much! If any info is needed for anything else college i will return the favor!

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]]> http://studentloanquestions.org/student-loans/what-college-scholarships-are-there-for-kids-whos-parent-is-disabled/feed 3 Federal Student Loans Tips http://studentloanquestions.org/student-loans/federal-student-loans-tips http://studentloanquestions.org/student-loans/federal-student-loans-tips#comments Thu, 23 Sep 2010 10:25:29 +0000 The Bursar http://studentloanquestions.org/student-loans/federal-student-loans-tips


Federal student loans are usually the easiest and best type of student loan that you may want to apply for, because they are provided by the government so they have better benefits and lower interest rates.

So even if you don’t have much money to afford other high interest rate loans like private or personal loans, you most probably can afford this solution.

Most student first apply for a federal loan and if they are not accepted, they try other options.

But before to walk into your bank to ask for this loan, here are some ideas to help you increase your chances of acceptance…

1. Use the FAFSA Form

This is a form with which you inform the government how much money you make or your parents make, so they know how much you can afford to later pay back for your loan.

It is natural that they want to know about your financial status, whether you have a job or previous savings, and other similar information to decide about the amount of loan they agree to give you.

This is a quite long form so it is good to be prepared to fill it out for your student loan.

2. Your Student Aid Report: Tips and Advice

After you send the above form, you will soon receive something by mail called the “Student Aid Report”.

In this letter, you see how much money they have decided that you are eligible to receive for your student loan. This money is given by the government to help you continue your studies.

After this, you now can accept it or reject it. If you see the amount is good you can accept and easily receive your federal student loan.

To accept the loan, simply return back the award letter.

By: Alex C Johnson

About the Author:
About the Author: Alex Johnson is an expert in bad credit loans and is offering FREE Bad Credit Student Loans Tips and ideas to help you succeed to get your loan – no matter what your credit score is.

Check out his website to find insider tips, advice, and help to get your student loan easily and fast!

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]]> http://studentloanquestions.org/student-loans/federal-student-loans-tips/feed 0 How do I get college money? http://studentloanquestions.org/student-loans/how-do-i-get-college-money http://studentloanquestions.org/student-loans/how-do-i-get-college-money#comments Sun, 15 Aug 2010 01:30:12 +0000 The Bursar http://studentloanquestions.org/student-loans/how-do-i-get-college-money
Mary-Elizabeth asked:


Aside from having a job and taking out a student loan, how do I get money for college? I am only a junior and I am interested in scholarships to apply for (especially those that require writing, which is my talent). My parents are evil and won’t pay a dime for my tuition.
I DO have a job already!!!

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]]> http://studentloanquestions.org/student-loans/how-do-i-get-college-money/feed 6 College Countdown: The Parent’s and Student’s Survival Kit for the College Admissions Process http://studentloanquestions.org/student-loans/college-countdown-the-parents-and-students-survival-kit-for-the-college-admissions-process http://studentloanquestions.org/student-loans/college-countdown-the-parents-and-students-survival-kit-for-the-college-admissions-process#comments Thu, 05 Aug 2010 16:12:32 +0000 The Bursar http://studentloanquestions.org/student-loans/college-countdown-the-parents-and-students-survival-kit-for-the-college-admissions-process

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