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Honest question: Lets take a hypothetical worst case scenario. You are admitted to a top school. However, your parents make well over $125k but are for some r
by rckrd 12y ago
Honest question: Lets take a hypothetical worst case scenario. You are admitted to a top school. However, your parents make well over $125k but are for some reason unwilling to provide any contribution. You are responsible for full payments.
Is there no bank that will let you take out these loans? isn't it possible to take out a combination of federal and private loans to cover the cost?
Disclaimer: I was fortunate enough to go to a top university and pay nothing for tuition and housing.
- Domenic_S 12y agoDuring my time at school 10+ years ago, the answer was no -- you had to fill out a FAFSA (with your parents' tax information), and you had to take the maximum allowed Parent PLUS loans before you could take federal or private loans in your own name. If your parents would not take the PLUS loan, you were SOL.
- digitalsushi 12y agoWorst case scenario, you wait until you're 24 and become a financial independant to the domain of college lending. This is how I did it (as a side effect - I started school at 24 because that's when I felt mature enough)