Anyone know much about these things?
I applied today but was denied immediately due to something about not making the cut off for being an independant student. Apparently the feds say that at age 23 I'm not old enough to apply for student loans independantly and my parents must apply for them for me.
I was also told that if my parents obtain the student loans for me I only qualify for 50% of the money to be funded by the feds and the other 50% must be funded through this student plus loan which is basically a private bank offering money for a loan at a higher interest rate then fed money and monthly payments must also start being made immediately after the loan has funded.
Is there anyway to get around this crap? Federal education loans are at an interest rate of 2.7% right now the student plus loans are at like 8%. I'd like to hold out and get the 2.7% loans that dont have to paid back until 6 months after completing my education.
I'd like to be able to get student loans without my parents being involved at all. I'm an adult and the financial responsibility should be my own not theres. Not to mention that student plus loan is bullsh*t.
Any info is appreciated.
Yeah become a minority they hand that shit out likecandy on halloween, Sorry to hear that Boozer