View Full Version : How to borrow loans and live?


Mr.E
04-01-2006, 08:53 PM
Okay, I'm really wondering how those of you who've gotten accepted, and have a family, are planning to live on the budgeted amount set by the school's finacial aid department. Seriously, the one school that I interviewed at set the maximum amount a student can borrow at 44,000. Subtract the tuition from this amount and I am left with approximately 14,000 for nine months. I called to find out if more money was available and the finacial advisor said that student could only borrow the maximium amount determined by the school, which included outside lenders. They told me that outside lenders would only give a student the difference in tuition that the federal loans did not cover. This is freakin' me out because assuming I get in to this school, I won't be able to live on so little with my family. In the past, I hurd that some student were able to borrow more to live on. How did you guy do it?

1992Corolla
04-02-2006, 10:44 AM
he is lying. private institutions will give you money, you need good credit though. it's possible if you wish to borrow 500K in d school. you'd be a nut to do it (unless you go to USC :D )j/k
You may have to pay the interest on ti or defer it for four years :eek:

DIRTIE
04-02-2006, 11:17 AM
I believe that Keybank will give you loans that are not reported to financial aid, that are above and beyond you COA estimate amount. Give them a call.

1992Corolla
04-02-2006, 12:02 PM
Bank of America too.
Up to 40K a year which is PLENTY.