katethekitcat Posted April 3, 2014 Share Posted April 3, 2014 Forgive me if this has already been answered or the question is obvious. Money and finances are NOT my strengths. So I filled out my FAFSA and just received my financial aid package from the university I'm attending. However, even with the loans they're giving me, I'm still about $10,000 short on tuition for the year (yes, I know. I'm going to be in debt until I'm 60.) How do I go about finding loans to cover the rest of the tuition? Does this mean I go to private lenders? How do I start that process? I technically have enough in my savings to cover the gap, but that would completely wipe me out, and I don't want to be left with nothing in the event of emergencies, having to move to a new city, if my internship between year 1 and year 2 is unpaid, etc. Link to comment Share on other sites More sharing options...
danieleWrites Posted April 6, 2014 Share Posted April 6, 2014 You may find this vaguely helpful: http://studentaid.ed.gov/redirects/college-gov (used to be college.gov) finaid.org has great information about financing college, undergrad through doctoral. The calculators are particularly helpful when you have to face a tough decision about funding your grad program yourself or not going to school. http://www.finaid.org/calculators/ Private loans are possible, and some people have good experiences with them, but the interests rates aren't pretty. The student loan adviser calculator is eye-opening. The education-debt-to-income ratio is the percentage you can afford to pay in student loan payments when you have a job. As for finding private loans, type student loan into google. You can check with your bank. Link to comment Share on other sites More sharing options...
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