Monday, November 7, 2011

I have a finance situation. SO here it is, any advice is well appreciated as long as it is all in good faith


I have a finance situation. SO here it is, any advice is well appreciated as long as it is all in good faith?
I am a 20yo medical student. I am about to graduate in March. Now when I say medical student i mean Medical Assistant. I have a job lined up at a local practice in March. I currently have federal student loans at the max that I can possibly get. I made it to this point on PA unemployment which got me by fine. I recently got a letter stating that my benifits will stop this month. I have not recieved any extensions at this point however im not sure that I am eligble. I need about $5000 to make my bills and rent until I graduate but, the school will not certify any private student loans exeeding $1600. I am doing very well in school and maintain a 3.7 GPA and would not benifit from quiting. I ma not able to get a job because my time schedule does not allow any free time with having 3+ hour of homework a night and having a family. I have a Co-signer available for any loans if that would be the best rouhgt to go. What other options do I have at this point? Are there any financial agency's that will help me through school? Any advice is appreciated and please be civil. Good answer, I have considered getting a personal loan through my bank. Already approved. I am able to afford the payments. Is this a good way to go? I am not able to transfer at this point to a less inexpensive school, i already have 24 credits at this place and they would not transfer.And yes WIC is a great option if they would ever return calls to make a appointment. No luck so far with WIC. The amount that the school would certify would max out my $5500 stafford loan limit that is why they are unable to do more.
Financial Aid - 1 Answers

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I am sorry to say, honestly, there isnt anyone who lends directly to you- since your school wont certify anymore- take that extra money, then the only other option is to use a credit card. You may wish to re-evaluate your situation and your expenses, as your school has a certification amount for a reason (its what they feel you should need to cover your living expenses and tuition). If your going over, you may be spending too much as a student. You may qualify for state assistance such as health insurance etc if you apply, as a student you cant get food stamps, but wic etc if you have a child. Otherwise, ask if you can petition to have that certification amount raised so you can get a larger loan- my school did that for me given they dont take into account child care expenses in the initial certification etc. You will need proof if they offer this option. Last bet, you may need to transfer to a school that doesnt cost as much if you still can (you may not at this point be able to with having so many credits etc I am not sure).

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