Question:

My parents make well over $600,000.00 a year. HOW DO I GET FINANCIAL AID!?

by | earlier

My parents are not supporting my decision to attend a certain college. Cut the c**p about how they should pay, I KNOW. IS THERE ANY LOAN OR ANY WAY that I can qualify for a loan of any type? I have AWFUL credit I can't get a Victoria's Secret card! I don't know anything about FASFA because for my freshman year my parents just paid cash for school and I don't have any of the information for the FASFA since they don't want to help me and it's pretty obvious that I won't be able to recieve any aid.. a friend of mine's parents make less than 100,000.00 annualy and she didn't even qualify. What am I to do?

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The only way I can think of at this point is...... establish a permanent address away from your parents. This will show

you are an independent adult looking for a loan to go to college that you have found...  Then keep a job pay down on

your credit cards as much as you can!!! Your intentions are honorable, therefore the people should deem it necessary to

grant you this loan. and hopefully you can enroll in the college of  your choice!!!!
Report (0) (0) |   earlier
Can you say Iraq? Any combat boots in your closet? The GI bill.
Report (0) (0) | earlier
You are not going to be independent until you are 24, regardless of if you support yourself or not.

Stafford loans are NOT credit based and you do NOT need a co-signer, however you do need to fill out a FAFSA and use your parents tax return to do so.

If you fill out a FAFSA you will be eligible for the stafford loan as long as you take at least 6 hours each semster.  However, there is a limit.  If you have less then 30 credit hours already completed, you will able to receive a max of $3500, if you have between 30-59 you will able to receive a max of $4500 and if you have 60 or more hours completed by the beginning of school you will be able to receive a max of $5500 for the year.

After that, the only option is an alternative or private loan, and they are ALL credit based.

Your best option at this point, may be to just go the school of your parents choice, perform well academically and maybe you can earn a scholarship to go to the school of your choice for the last two years.

Or, you if you loan will cover part-time tuition, you may have to go part time, and then work to pay your living expenses.

Unfortunately, there are not any exceptions for parents who refuse to help.
Report (0) (0) |   earlier
you don't deserve financial aid if your parents make that much
Report (0) (0) | earlier
Unfortunately you don't have a lot of options here.

You can't qualify for a professional judgment to complete the FAFSA as an independent student.

I have to wonder why your parents aren't supporting your decision.  You said yourself you were not responsible with your credit card.  Were you responsible with attending school?

I see things like this every day at the college I work at.  Without the FAFSA you cannot qualify for a Stafford loan.  The FAFSA opens the door to that particular federal loan.

Without a co-signer you are not going to qualify for any other loan available since most student fund lenders have tightened up the qualifications.

I hear an awful lot of whining about your situation but no solutions from you.  Everything seems to be your parents fault, but you fail to grasp that they gifted you with your first year of college.  Going to college on your parents dime is a gift not a right.  You are looking a gift horse in the mouth if they are willing to pay for you to go to the school they want you to.

Perhaps you should show them you are responsible and pull down some good grades, pay your bills, etc.  What is this college you want to attend and what's the program?  A few more facts and a little less finger pointing might help us guide you better.
Report (0) (0) |   earlier
First, before you set off looking for a loan, make absolutely certain that your credit report and credit score are in order. Experts have advised that a significant majority of credit reports actually contain inaccurate negative information. Therefore, by making sure that you credit report is in order and completely accuratereasonable rate around.You need to make sure that you understand all aspects of the loan, including charges and fees.Finally, if you are seeking financing, do not overkill. You need to be prudent and responsible when you are in the market for a loan.
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If you really really really want to do what you want...and its drastic... I would say divorce yourself from your parents. Then get a job, and you will probably get a loan as an independent student. Just make sure you plan stuff out really carefully.
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You should fill out the FAFSA again. Then you will have a better idea of your eligibility. There are too many variables when it comes to determining eligibility to give you a quick answer. Visit these sites to get started and then speak to the financial aid office at your campus.
Report (0) (0) | earlier
im a college student, living on my own, not married, i dont have any kids and I ONLY make about $18,000 a year. AND i wasnt approved for any Aide... i highly doubt that you will be qualified for any grants or "free" money.

i was able to get a student loan that is interest free and i dont start paying it back until 6 months after i graduate. there are tons of student loaners out there, you just have to do your research. i would call your financial aid dept. at the school you want to attend, and ask about your options.

since you have bad credit, it may result in higher interests charges...

just dont get discouraged, it will work out!!

good luck!!
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