Interesting Situation

[firefighter9015]

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So, the state that I currently live in is experiencing severe budget issues and the state colleges and universities are experiencing some budget shortfalls as a result. My school, is in turn increasing our tution for the next year, about the 10% max that they had said they was going to increase it. Now, the problem is that I live off of my student loan money for the school year, however, we are not going to be able to take out any extra in federal loans. Now, I am looking for some good choices to explore in private loans. I am currenlty only familiar with Sallie Mae. Any advice would be greatly appreciated!

 

[Doctor Bagel]

So, the state that I currently live in is experiencing severe budget issues and the state colleges and universities are experiencing some budget shortfalls as a result. My school, is in turn increasing our tution for the next year, about the 10% max that they had said they was going to increase it. Now, the problem is that I live off of my student loan money for the school year, however, we are not going to be able to take out any extra in federal loans. Now, I am looking for some good choices to explore in private loans. I am currenlty only familiar with Sallie Mae. Any advice would be greatly appreciated!

Are you classified as a graduate student? If so, you should be able to get federal GradPlus loans to cover what you need beyond Staffords. You can borrow GradPlus loans for any shortage between the maximum Stafford amount and your school's total cost of attendance.

 

[firefighter9015]

Are you classified as a graduate student? If so, you should be able to get federal GradPlus loans to cover what you need beyond Staffords. You can borrow GradPlus loans for any shortage between the maximum Stafford amount and your school's total cost of attendance.

The big problem is that the school is not increasing the cost of attendance, so basically we won't be able to take out cost of living in our loans, unless we pursue other options.