Im 17 and need financing for college we were denied at wells fargo moms debt is more than her income?

Question

i want to go Dubuque university to study aviation, we were sent out a packet for financing, our first pick was Wells Fargo because its he first name we recognized. I needed a co-signer because im only 17, my birthday is Dec.24. All the other places' websites stated that I need to be 18. I called the school and the person in charge is on Vacation, HELP!!!!! any suggestions...

Answer 1

I'd contact (call) the school they usually have people (financial aid office) to help out with these kind of things.

Answer 2

Try the government first, you're more likely to get a reliable lender.  You can find out more at studentaid.ed.gov

Answer 3

call back and speak to the next best person.

Answer 4

Okay, the other advice is absolutely correct.

When it comes to financial aid, you always start with the federal government. They are absolutely your best friend in this instance. Their money is easy to get, "cheap", and flexible - private lenders like Wells Fargo are for the left-over that you and your family's finances can't manage.

Read the pamphlet I've attached below, and share it with your mom. It explains how the federal government's financial aid program works. This isn't like applying for food stamps for poor people - EVERYONE looks to the federal government for college financial aid.

You start the process by completing a Free Application for Federal Student Aid - better known as the FAFSA. You're sending this info to the US Department of Education, and they'll figure out just how much you and your parents can be expected to contribute to your educational expenses.

The end result of this analysis is a number called your Expected Family Contribution - and the Department will send that figure to your school's financial aid office. Once they have that information, your school will figure out what financial aid you can qualify for, and they'll send you a financial aid offer letter, telling you all about it.

Unlike private lenders, like Wells Fargo, the federal government's lending program does not require a credit history, an income, or a cosigner. Pretty good, huh?

On top of that, the loans that you'll get from the government's lenders have lower interest rates, give you more time to pay, allow you to postpone payment if you experience financial hardship, and can, in some cases, be "wiped clean", if you agree to enter certain kinds of occupations.

Definitely start with this brochure and the FAFSA, and THEN worry about figuring out how to come up with any other money that you need.

Good luck to you!

Answer 5

Can't you get a government student loan?  Or do you not have those in America?

Answer 6

apply for finacial aid at the college you plan to go to.

Answer 7

Try to see if you qualify for a Federal Pell Grant. This is money the federal govt has depending on income/needs and it is free. You don't have to pay it back.

Also try for federally funded student loans. The loans and rates will vary. You may qualify for a federal student loan.

Next option is scholarships. I don't know what college you want or what your degree is. There are 1000's of scholarships depending on what you study, where you go to school, minority, women, etc.

Some states, such as Georgia have the Hope scholarship to needy families. I think you need at least a B average. (so you don't have to be a brainy person--These are based on needs and income.) Google state scholarships just plug in your state's name to narrow it down.

There are even work-study programs available.

There are ways to go to school. I got college money from being in the military. You don't have to go that route, but I did and it worked for me. All I am saying there are lots of ways.

I put a few govt. websites here to look up a some information. Good luck.