GAH!!! School!

[SacredFaerie]

I'm just frustrated. I can not get approved for a private student loan. I don't want my mother to get a PLUS loan but that looks like my only options. I'm really really aggravated. Just totally and completely.

[Angio333]

Can you get the first 2 years of your 4 year degree done at a community college? It will be a lot cheaper, and you could probably pay for it with cash while saving up for the last two years.

If you still need a loan, you will need less money and may get approved for the smaller amount.

[disneysteve]

Aren't the terms on PLUS loans much better than private loans? I know Suze Orman despises private student loans. She talks against them often on her show. From what little I know, the PLUS is the preferred option. I realize it means your mother is taking the loan instead of you, but that doesn't mean you can't make the payments.

[SacredFaerie]

Can you get the first 2 years of your 4 year degree done at a community college? It will be a lot cheaper, and you could probably pay for it with cash while saving up for the last two years.

If you still need a loan, you will need less money and may get approved for the smaller amount.

The local community college has 4 campuses and the one that offers my program is the one that's 35 minutes away. The gas is just....no. Community college isn't an option.

Aren't the terms on PLUS loans much better than private loans? I know Suze Orman despises private student loans. She talks against them often on her show. From what little I know, the PLUS is the preferred option. I realize it means your mother is taking the loan instead of you, but that doesn't mean you can't make the payments.

Good point Steve. I guess I just worry about her being able to help my brother with his schooling.

[SacredFaerie]

Question: Do you take out a new PLUS loan every year and then the loan amount due 6 months after graduation is all four years?