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ok, my parents both didnt go to college in america so they dont know how the financial aid part of it works (or any of how it works for that matter). basically, they make enough money to probably not get us that much aid for college (around 100k a year total for both of them), but have been clear on that i have to pay for my own college. if i dont qualify for aid, is a student loan something i can go to a bank and get? or do i go to the college? or how does this work?. basically, is it possible to get moeny...even if its just a loan...for college without actually being "in need" of it by looking at my whole family's income, since they wont be contributing?

By Testertest (Testertest) on Tuesday, October 05, 2004 - 04:24 am: Edit

Always try!

Getting a Stafford, Unsubsidized stafford, PLUS Loan , or any other gov guaranteed loan requires a FAFSA.

Interest rates are extremely low. Try not to "capitalize" the interest. Try to pay the interest of the loan while in school. Be aware of the variable interest feature which is good thing today but may be bad tomorrow. Never default in the payments. Consolidate often into a student loan consolidation which has even a lower interest rate than today's rate on PLUS or Stafford rates and features a fixed rate payable simple interest-amortized on payment- but never consolidate into a mortgage or traditional debt consolidation. Know the future earning power of your career and yourself.

Read the information on the FAFSA website thoughly.