Question about student loan

[Zysoclaplem]

I have a student loan, for one semester, the spring semester, equaling $1,312.00.
They have dispersed it into two payments.
One payment of 656.00 minus a $20 orgination fee on 12/08/05.
One payment for 656.00 minus a $20 origination fee on 01/19/05.
I need it all by Jan. 5th.
If they disperse the second check on the 19th, I will not be able to afford to pay for the school.

What do I need to do? I called the school and the dumb b!tch that answered the phone couldn't tell me anything. She didn't her ass from a hole in the ground.
I will not have the money to pay for school and books unless I have more of that loan.

I'm sure someone here has had to use student loans and might be able to help me.

Thanks

 

[MikeyIs4Dcats]

you need to call the place making the loan.

 

[Zysoclaplem]

Originally posted by: MikeyIs4Dcats
you need to call the place making the loan.

What do I tell them? I want the rest now?

 

[Savij]

Put the school payment on your CC then hope you get the loan in time to pay it off w/o interest.

edit: If all else fails you can do that.

 

[IronWing]

This sucks. Same thing used to happen to me every semester where the loan would come in after fees were due. I had to put tuition on a credit card and pay it back when the loan came in.

 

[MikeyIs4Dcats]

Originally posted by: Zysoclaplem

Originally posted by: MikeyIs4Dcats
you need to call the place making the loan.

What do I tell them? I want the rest now?

Ask them why the second payment is being made on 1/19. Explain your situation. See if they can advance the payment date.

 

[Zysoclaplem]

Originally posted by: MikeyIs4Dcats

Originally posted by: Zysoclaplem

Originally posted by: MikeyIs4Dcats
you need to call the place making the loan.

What do I tell them? I want the rest now?

Ask them why the second payment is being made on 1/19. Explain your situation. See if they can advance the payment date.

I talked to someone else and they mentioned a bridge loan. Or something to the tune of that.
I am going to go up to the school and talk to an adult. I am tired of talking to 18 year old girls who don't know sh!t.

 

[SaturnX]

At my university you're able to get a "Promissory Note", which is essientially an IOU to the university which was made for this precise reason, since they know most loans don't come in till after the term starts... I think it extends your deadline about a month, which works well for people who need it.

Call your Registar/Financial Office to see if they have something like that.

--Mark

 

[dullard]

Student loans are for classwork. They are the best loans you will likely get in your life. Thus people thought of a way to get around that classwork requirement. It was quite simple. Sign up for class. Get a huge student loan that is subsidized, is at a low interest rate, and/or can be forgiven. Then drop the classes to get a full refund. Instant way to get the best loan without ever attending a school.

Obviously the government wouldn't let that go on for long. So the student loans are dispursed AFTER most schools stop giving refunds for dropping class.

Of course solving that one problem caused the problem that you now have. I had that problem too. I simply went to my univeristy and asked for an extension of the bill. They extended the portion of the bill that was equal to the student loan for one month - interest free and no late fees. Of course, all that was above and beyond the student loan was still due on the original due date.

Later on, my school started accepting credit cards. I did that instead. Charge it, then get the loan to pay off the CC bill. Since I never carry a balance this cost me nothing, I got the credit card rewards, and built my credit.