5th year student in bad financial situation

Paying for College
1

<p>Disclaimer: THIS IS NOT ME. I'm posting about a situation i know of. i'm curious to what options there are.</p>

<p>Student is going to 5th year of undergrad (partly by choice, could've graduate on time). Had financial aid for the past 4 years with 0 EFC. Next year was only awarded Pell ($5500), some grants ($3800), and $2000 in loans. The $2000 in loans will max out Stafford loans.</p>

<p>Tuition and fees next year will be about $11000, so there's that to cover. Additionally, the student is still living luxuriously and will probably spend about $800 a month on housing. Already signed a lease so there's no getting out of that. </p>

<p>This doesn't account for books, food, or anything else besides housing and tuition/fees. </p>

<p>Here's the dilemma: student parent's don't qualify for loans, and student will have maxed out his Stafford loans. Aside from working full time (which isn't a possibility until after the school year starts), what other options are there to pay the remaining balance of tuition and pay for housing and other expenses each month?</p>

<p>Like i said, this isn't me, but I'm curious to what options there are for a student like this.</p>

2

<p>If the student’s parents apply for and are denied a parent PLUS loan, this will make the student eligible for an additional $4,000 in Stafford loans (it allows the student to receive the amount an independent student is eligible for). But the parents must apply and be denied for this to happen.</p>

<p>Other than that, there are no programs for students in his situation other than the programs he is already benefiting from. </p>

<p>Needs to get a job. And graduate ASAP.</p>