Okay next question. Is there ANY chance that PNC would let me increase my loan amount back to $2500? And then I could possibly get a check from them for the extra funds? Or is that ridiculous to even consider.
This is a classic example of not thinking far ahead and just dive into loans...You do know what subsidize and unsubsidize loan is right? If you don't have an income for all these UNSUBSIDIZE loan then why borrow it it the first place? Have you try applying for some scholarship? Listen man, all this running around getting more loans from whatever bank is not going to help if you don't have a source of income. And just to think about it, you're just in your Sohpmore year...
Attending all these expensive University is overkill. My gf attended a community college (cheap as hell), got all her prerequisits, transfer over to a University straight into her department and came out 2 years later making $42/hr and 12,000 loan. She paid it off within six months. Sometimes, you just have to take a step back and analyze things..
Attending all these expensive University is overkill. My gf attended a community college (cheap as hell), got all her prerequisits, transfer over to a University straight into her department and came out 2 years later making $42/hr and 12,000 loan. She paid it off within six months. Sometimes, you just have to take a step back and analyze things..
You make some points but you don't know the whole situation. For one, I'm an engineering major. Not only are there not very many gen ed classes before getting into the major-specific stuff, but a lot of the big universities are very picky when it comes to taking classes from a community college for engineering. Second, I'm already maxed on federal subsidized and unsubsidized loans. Third, I do have an income, and I feel it's fine to be taking out these loans now, because obviously when I graduate I should hopefully have a decent income to pay them. I read once that it's decently acceptable to take up to two-thirds of your first year's annual salary in student loans. So, if I could manage even $50k starting out of college, that means $33k in loans isn't THAT absurd.
Listen, right now it's simple. I just need my $800 back and I'm wondering what's the best way to do it. Should I try to get a completely new loan and then pay off the PNC one? Or should I see somehow if PNC could increase my loan back to it's previous amount and write me a check? Is there ANY chance they'd do that?
You mean simply to ask them what another good loan source is? That's pretty much the only question I have currently.
Yes, go talk to your Financial Aid office. I didn't know there was really a max on Stafford loans, I got near $10K every year in Stafford (unsub & sub) loans.
Dunno bout your state, but in NC there is a non-profit called CFNC (College Foundation of North Carolina). They make the loan process very easy, very knowledgeable people, and offer all the loans in one place. Might see if there's something like that around there, but your financial aid office should know.
Ok, lets me get this straight. Currently you have a full time job and plans to switch to part-time job once school start. With your forecast earning now and through the school year you feel you are still short $800?
Time to open up your monthly statement and see what you can cut to make up for that $800. You only need to cut about $80 (or less) from your spending to make up the difference and forget about getting a new loan.
[edid]
Ah, I see you need $3000 by the end of Aug. Do you keep throw in the $800 you pay to PNC? Didn't matter if you pay them $800 or not, you still need to get a new loan of over $2k to cover your tutition.
[/edit]
Time to open up your monthly statement and see what you can cut to make up for that $800. You only need to cut about $80 (or less) from your spending to make up the difference and forget about getting a new loan.
[edid]
Ah, I see you need $3000 by the end of Aug. Do you keep throw in the $800 you pay to PNC? Didn't matter if you pay them $800 or not, you still need to get a new loan of over $2k to cover your tutition.
[/edit]
Yes that's basically it. With my predicted earnings, and fall tuition and room and board and half of my aid subtracted, I will need to come up with about $2800 by the end of August, which, with the current figures, would only leave me a few hundred to last me the rest of the summer AND for books. However, add $800 to that and I would hopefully be fine. There's really not much spending to cut.
I talked to AES, here's the deal. I can mail in my bank statement and a request to Harrisburg asking to receive my last payment back and my reasons for needing this. If they grant it I'd receive a check within a month. If they don't grant it, perhaps it'd be a better idea to just cut it really close and maybe even dip a bit into my savings (which is already down to only $1100) instead of going through the hassle of getting a new loan.
fbrdphreak, I have looked all over for different loan sources in PA, and it seems all are either 1) federally backed (which I'm already maxed on), or 2) if they're private, they require at least two years of credit history (I only have 14 months) or a co-signer (my parents have bad credit). So if I went with any other source I'd pretty much be guaranteed a 9-10% interest rate, unless I found a lender who was okay with reviewing MY OWN credit ONLY.
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