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You may want to re-visit your son's 2005-2006 FAFSA. Misunderstnading the questions slightly (such as including your 401(k) balance on the line for investments) can result in a EFC (Expected Family Contribution) number which is far too high.
Assuming that you have already done this, and your son still doesn't qualify for Federal Aid, your sources for loans are the typical sources , i.e. local banks, savings & loans, Credit Unions, GMAC, Citi-Bank, etc. You/he can borrow from them as Student Loans, you just won't get the advantage of Government Subsidized or controlled interest rates and re-payment options.
The Financial Aid Office at your son's school should have information on loan sources outside the Government Assisted programs.
posted by 198.208.15...
_______________________________________
Saabs owned:
2008 9-5 Aero Sedan, sold at 227K miles
2006 9-3SC 2.0T - Wife's daily driver
2000 Viggen Convertible - Sold May, 2022
1964 Quantum IV Formula Car - Retirement project
2000 9-5lpt Sedan, sold at 318K miles
Posts in this Thread:
- Student Loans - where to get them >, ChipJ, Thu, 3 Nov 2005 08:04:51
- Am just starting this... the finacial aid office at, Noel, Thu, 3 Nov 2005 12:01:28
- Re: Student Loans - where to get them >, rob , Thu, 3 Nov 2005 10:30:51
- Re: Student Loans - where to get them >, MI-Roger , Thu, 3 Nov 2005 09:03:33 <-- Viewing This Message
- Re: Student Loans - where to get them >, sonique, Thu, 3 Nov 2005 09:02:32
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