Private College Student Loan

What do I do about my financial burden?

*sigh* I don't know where to begin. It's a long story.... I will be a undergrad freshmen( I hope)and want to go to an out-of-state private university. To make this portion of my story short, I applied, and got in. In fact, it's the only school that accepted me. I did my FAFSA early and finds out that with all my scholarship money, grant money and federal stafford loans (both sub. and unsub) I STILL don't have enough to finance my education! So I started to apply for private loans from companies such as Sallie Mae and Chase Bank. I'm approved for the sallie mae loan, but my cosigner isn't. In fact, it seems as if my ENTIRE family has bad credit, because they keep getting denied their cosigner portion of the loan -_- And I don't have any credit either.I can't apply to any other schools because I am literally broke, as in I can't afford to pay the college's admission fee, and I can't get a fee waiver. At the moment I am applying for every job under the sky, but with the economy, I'm just going to leave it at that. When I try to sit and down and talk to my mother about this she's gets very defensive, starts yelling at me and talking over me. She keeps telling me that "God got it", now; no offense to any believers out there since my intentions are not to start a riot or hateful forum, I just feel that I am a Realistic person. And let's be honest, when it's time to pay the bills, no one would EVER tell their bill collectors that "God has it". *sigh* I am literally at my breaking point. I'm an 18 year old female with-out any help from almsot anybody (I will also be the first in my family to go to college... If I make it there in the first place) and I am sick of talking some people who don't know what the fudge they are talking about and with bad credit. My question to you all is what do I do or what CAN I do or is there anyway to apply for a private student loan with-out a cosigner? I feel like I really need help with this financial hardship because I have been stressing out every minute, and the stress is starting to feel like I'm having mini anxiety attacks. Thank You for reading and reviewing my question.

Public Comments

1. Alara, you have a very tough road to travel before you reach your goal. I was in a very similar spot some 47 years ago and unfortunately I never made it. To this day I still regret not having tried harder. The only thing I can think of is to see if you can get a grant. I know there are numerous websites that can help, just be careful of those that want your money up front. I to am a realist. And to be honest with you after all these years looking back, God did have it. Even though as I said before I wish I had finished college, I have been blessed with a wonder full wife for these last 37 years. Our children are good people and I have the most wonderful grandson you could ever imagine. I have had a great job for the last 34 years. Maybe if I had finished college my life would not have been as blessed.
2. i understand what you are going through..but out of state tuition is 2x higher and so is private university tutition so you may just want to wait it out..private universitys are harder to get into than public universitys so if u can get in to a private college you CAN get into a public 1..you may also want to look locally at a community college and transfer from there...its alot cheaper..also Stafford loans dont require co-signers..you can also get scholarships from the school and fastweb.com and cappex.com
3. Since you are a Realistic person, then it probably isn't much of a stretch for you to realize you can not afford a private out of state school at this time in your life. I'm not saying you will never get there, just not right now. Because unfortunately, you can't get a private student loan without a cosigner. Period. Most community colleges will put the admission application fee in with your tuition so your financial aid will pay for it. If that isn't something they will do, contact the schools admission office and ask if they can waive the fee. You might consider asking a school counselor, church leader, a freind's Mom who DID go to college to call on your behalf and see if that will help convince them to waive the admission fee. I have done this several times for students and never been told no!!! Local state schools and community colleges are VERY affordable and I'm sure you can find more than one you can attend for well under the federal loan limits. If your parents apply for a federal parent PLUS loan and get denied you are eligible to borrow a few thousand dollars more than the 5,500 a year as a dependent freshman. Read this book cover to cover. It will help you in the student loan info. If you have any more questions please feel free to ask.