Undergraduate loan question

[OSJ]

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My cousin is going to be a first year student in college this fall. Her parents are going through a bad divorce and her dad will not pay his share of the tuition. I'm not sure of her parents financial history/situation , but my aunt said they don't have good credit and that she has applied through my rich uncle and a few other lenders and was denied because of her credit history. My cousin doesn't have any credit and they did not get any aid through the government (dad has the money, just won't pay,etc.) Is there anyway that she can get a loan to cover school so that she can attend in the fall? I did not have any loans through undergrad and I know the vet student loans are a lot different being a graduate student so I really don't know what direction to point her in. I was hoping someone on here would have some advice or suggestions!

Thanks in advance!

 

[lazyjayn]

She should still be able to get the unsub'd staffords. it's not much, but it's something...

Also, your cousin can petition the school to consider her emancipated- a friend of mine did this and eventually got it accepted. But she'd have to live on her own, support herself, and receive no money from her family. Usually for a year. I take it she's over 18, because usually that stuff's included in the divorce settlement if the kids are younger- not that you can make angry people pay what they're supposed to....

I'd think your aunt would be able to get plus loans. Is your cousin eligible for any scholarships? Is it a school she could afford to pay for with a part time/ summer job? If not, would she consider going to a less expensive school? What about working and living on her own for a year, and deferring? Or community college?

For wackier, less constructive ideas, does she speak fluent french? Fees are crazy low in France, she'd just need living expenses and health insurance.

It's not that odd a thing- my parents wouldn't pay more than the minimum- local CC. I just did other stuff until I was independent. Part time's an option. So's working. So's putting it off for a year or two. None of these will probably find favor. So I say try the unsub's and plus loans. And sallie mae if she has to.

j.

 

[Sweetcaroline14]

I agree with lazyjayn. In my undergrad, I took out the max of loans and worked. It wasn't too bad. It was beneficial at the time that I came from a low income family, as I qualified for most state aid with respect to grants and work study. If she isn't emancipated, loans will most likely be her only option as she probably wouldn't qualify for a pell grant or perkins, but heck try it all! The finanical aid office at her school should be able to walk her right through it! Ohio State finanicial aid office was awesome to me as an out of state student! In addition, community college is an excellent option, as if offers good courses at reasonable fees. Plus, you stay in the academic game! Also, not idea for some students, but part time employment is an option. Good luck to her!

She should still be able to get the unsub'd staffords. it's not much, but it's something...

Also, your cousin can petition the school to consider her emancipated- a friend of mine did this and eventually got it accepted. But she'd have to live on her own, support herself, and receive no money from her family. Usually for a year. I take it she's over 18, because usually that stuff's included in the divorce settlement if the kids are younger- not that you can make angry people pay what they're supposed to....

I'd think your aunt would be able to get plus loans. Is your cousin eligible for any scholarships? Is it a school she could afford to pay for with a part time/ summer job? If not, would she consider going to a less expensive school? What about working and living on her own for a year, and deferring? Or community college?

For wackier, less constructive ideas, does she speak fluent french? Fees are crazy low in France, she'd just need living expenses and health insurance.

It's not that odd a thing- my parents wouldn't pay more than the minimum- local CC. I just did other stuff until I was independent. Part time's an option. So's working. So's putting it off for a year or two. None of these will probably find favor. So I say try the unsub's and plus loans. And sallie mae if she has to.

j.

 

[projekt]

If she's been accepted, it may be possible for her to petition for deferral because of financial problems until next year. Then, she could emancipate herself. Moving close to a local job would be a good idea to keep expenses low and allow saving. In her free time, she could work on scholarships. By next year, her financial aid situation would be a lot different.