How to get extra aid money

[tmirchel]

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Is there a good way to ask for extra money? I want to get some extra aid money to pay off a credit card but that is not a viable reason... Does anyone know a good reason to use? One friend got a significant amount for dental work but had to show a receipt..

 

[Saddleshoes]

How about this...
Claim your 120 acres of corn was wiped out by the drought.

 

[Daurang]

Another wall street occupier or obamaniac in the making. Digging in more debt to pay of more debts. This is not a good way to start out dental school or your career.

 

[AlbinoPolarBear]

Adopt a kid. Ask for more loan money to pay for your kid's daycare.

Get money.

Don't send him to daycare. Feed him bread and water.

Spend left over money.

 

[Shazzam]

Adopt a kid. Ask for more loan money to pay for your kid's daycare.

Get money.

Don't send him to daycare. Feed him bread and water.

Spend left over money.

 

[mixoma]

They give you the max in D-school that you are alloted. You most likely will have to take out a private student loan from W-Fargo or Sally Mac.

 

[nboogie]

They give you the max in D-school that you are alloted. You most likely will have to take out a private student loan from W-Fargo or Sally Mac.

You could do this but the problem with that is any money you receive over the COA is considered income. Any income you receive will affect your EFC and if you received any grants or scholarships, they could take them away. If I'm not mistaken, I believe Wells and Sally, by law, have to report the loan to the school. So the OP will probably have to do what I'm doing and spend less in other areas to make room for the extra credit card bill expense.

 

[tmirchel]

I got some grant money so I am not at the max. I have done the math and it would make more sense to pay off the credit cards then to pay the minimum every month.

 

[tinman831]

I have done the math and it would make more sense to pay off the credit cards then to pay the minimum every month.

This is true of any loan you take out.

 

[yappy]

OP: Define what you're asking us a little better. Are you trying to get more grant money (free money) through some sort of scholarship or are you trying to take out more loan money and then use the excess to pay off a CC?

My understanding is that you can max out the amount of loans available to you without too much reason. Basically, the banks/government will give you as much rope as you want to hang yourself. If you do have a lower interest rate on the educational loans VS the CC I can see this being a good move. However, realize that school loans are non-bankrupt-able while CC debt is.

Either way - if you're going to wind up paying the CC off over time and the only money available to you is loans for education you should bite the bullet and just pay it off now. Why pay interest twice on the same money (once for the CC and twice for the educational loan repayment).

 

[tmirchel]

I would be taking out more loan money to pay off my credit cards. I was saying since I got a grant of 8K I am not maxed out on my loans. So from what you said I could probably just ask for the extra loan money since I have not taken out the most I can.