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Posted by ali92 on Aug-13-2007 23:41:

Alternative student loan?

Basically, I need to pay for my housing (roughly 12000 USD for the upcoming academic year) & need a student loan, however I have no credit & no-one I know has good credit nor is willing to co-sign.

I would need this loan in 13 days. Am I royally screwed at this point? There is no on-campus housing so I had to resort to off-campus housing, and signed a lease on 30 July (however they told me they could cancel it if I don't have financial proof that I can pay for it). The thing is, if I cancel, is it even possible for me to find other housing and if so, what are the chances that I would qualify for even half of that amount, considering the aforementioned credit situation?

Posted by Ian on Aug-13-2007 23:42:

you're right royally fucked

Posted by Rose on Aug-13-2007 23:44:

At the moment, you're screwed but I hope someone can help.

Posted by _Nut_ on Aug-14-2007 00:26:

1k a month on housing? That is not college living unless you live in downtown Chicago and goto UIUC where you are renting a nice 400sq ft studio 20 floors up the skyline.

Seriously..... I lived in a nice place... 3 bedroom and 900 total....

Posted by Omega_M on Aug-14-2007 00:27:

I live in a 3 bedroom and we pay a total of 575/month.

Posted by tubularbills on Aug-14-2007 00:38:

you can get federal student loans, without having credit. the stafford sunsidized and unsubidized are geared towards that.

if someone had filled out their FAFSA back in march/april, you wouldn't have been in this mess.

oh well, sallie mae and 19% interest rates for you, ha!

Posted by ali92 on Aug-14-2007 00:48:

quote:
Originally posted by tubularbills
you can get federal student loans, without having credit. the stafford sunsidized and unsubidized are geared towards that.

if someone had filled out their FAFSA back in march/april, you wouldn't have been in this mess.

oh well, sallie mae and 19% interest rates for you, ha!
Uh, I filled those out & all that money goes to tuition only.

Posted by Omega_M on Aug-14-2007 00:50:

man, I sure do hope something works out for you. Good luck.

Posted by tubularbills on Aug-14-2007 00:56:

quote:
Originally posted by ali92
Uh, I filled those out & all that money goes to tuition only.

welp, you're boned.

get ajob.

Posted by yujie__ on Aug-14-2007 01:35:

Have you try mafia loans or go off the grid for awhile?

Posted by ali92 on Aug-14-2007 01:39:

quote:
Originally posted by yujie__
Have you try mafia loans or go off the grid for awhile?
What do you mean 'go off the grid'?

Posted by Omega_Blue on Aug-14-2007 02:07:

you're a girl, right? prostitution.

you could always try to get your parents to cosign on a student loan from your bank.

Posted by ali92 on Aug-14-2007 02:25:

quote:
Originally posted by Omega_Blue
you're a girl, right? prostitution.

you could always try to get your parents to cosign on a student loan from your bank.
They have bad credit.

Posted by Sunsnail on Aug-14-2007 02:27:

sell crack

Posted by jonSun on Aug-14-2007 02:31:

Re: Alternative student loan?

quote:
Originally posted by ali92
Basically, I need to pay for my housing (roughly 12000 USD for the upcoming academic year) & need a student loan, however I have no credit & no-one I know has good credit nor is willing to co-sign.

I would need this loan in 13 days. Am I royally screwed at this point? There is no on-campus housing so I had to resort to off-campus housing, and signed a lease on 30 July (however they told me they could cancel it if I don't have financial proof that I can pay for it). The thing is, if I cancel, is it even possible for me to find other housing and if so, what are the chances that I would qualify for even half of that amount, considering the aforementioned credit situation?

Fuck it. Your gonna be paying it off till the day u die anyways.

Posted by ali92 on Aug-14-2007 02:42:

Re: Re: Alternative student loan?

quote:
Originally posted by jonSun
Fuck it. Your gonna be paying it off till the day u die anyways.
Fuck what?

Posted by Silky Johnson on Aug-14-2007 06:42:

Apply for OSAP. Oh wait, you don't live in Ontario.

Posted by SuspicionVandit on Aug-14-2007 06:46:

do you HAVE to live there?
You could try getting grants, although the most I ever got was $1000 in cold hard cash.

Posted by Spirit5 on Aug-14-2007 13:58:

Look into getting a Mutual Fund....but they do take time to build.

Posted by Psionic on Aug-14-2007 15:10:

What state do you live in? Certain states give loans to students attending their schools specifically. I go to school in Massachusetts and got a $34,000 loan from the group MEFA.

Posted by chimera66 on Aug-14-2007 15:19:

imo probably not the best of ideas to ask randoms on the internet how you are gonna pay for college...with that said one of my friends took out Bank of America loans while she was getting her BA or maybe it was MBA. She's a pro at living beyond her means so she couldn't have had great credit

Posted by Spacey Orange on Aug-14-2007 16:38:

1. let them cancel the lease
2. get a part-time job
3. rent or share a room

Posted by shaw on Aug-14-2007 16:59:

quote:
Originally posted by _Nut_
1k a month on housing? That is not college living unless you live in downtown Chicago and goto UIUC where you are renting a nice 400sq ft studio 20 floors up the skyline.

Seriously..... I lived in a nice place... 3 bedroom and 900 total....

it's not that absurd for better private schools, actually. Hell, it was 10k even at my high school.