I've been told that for off campus student, the loan budget that I can get is around $27K, is it possible to exceed this value?
ok lemme rephrase...Originally posted by mpp
I'm not to sure what your question means. The school will provide you with an amount in their award letter that includes federal loans and school grants/scholarships/loans. That is all that the school is willing to get for you according to their budget guidelines and your FAFSA form.
If your credit rating is good you can get private loans from many lenders. The private loans have nothing to do with FAFSA or the school. Generally, the interest rate on private loans are higher and the repayment terms are not as flexible. If you need more money than the school has provided in their award letter, check with any of the common lenders (T.H.E., NowLoans, MedLoans, MedCAP, many private banks like CitiCorp, Bank of America, etc.) and see about private loans.