<p>The school I want to attend is giving me 3,500 in loans a year through the subsidized stafford loan (I refuse to take out the unsubsidized)</p>
<p>I'm wondering if, with a cosigner, the government will let me take out about 2k more? I'm having trouble with my parents paying for college, (mostly my dad, he's having a fit about me not staying home and helping).</p>
<p>Is there another loan program like the Stafford loan that will allow me to take out more money with a cosigner?</p>
<p>You should be able to take out the 2k in the unsubsidized-- is there a reason you aren’t willing to take out the unsub? You can definitely take out more in the cosigner (who will you find?), but I’m unaware of any private loans out there that have better interest-- and as a dependent student, the best terms you’ll get will be through the Staffords.</p>
<p>I also recommend that you take the $2,000 unsubsidized over a private loan.</p>
<p>You are eligible for the additional 2k unsub without a co-signer. You do know that if you take a loan with a co-signer, that loan will also be unsub (as there are no unsub loans where you need a cosigner)? You might as well borrow the 2k, that you can get on your own.</p>
<p>As others have said, your best option is the 2k unsub. Why do you refuse to take it? You cannot get an extra 2K subsidized, even with a co-signer, if that is what you are asking. And there are no other government loans. You would have to go to private loans with a co-signer, and the rates will probably be higher, and you would probably have to start making payments right away. Plus who would you get to co-sign if your parents are against it. You don’t need them to sign anything to get either of the stafford loans.</p>
<p>I have another family member who is willing to cosign for me. I just don’t know if the unsub loan is worth it, because of how it starts gaining interest the moment I take it out. That part scares me. I don’t want to be too much in debt, I don’t know if it would be worth it. </p>
<p>I don’t particularly feel like staying home and going to work at Micky D’s to pay a night school beauty course either. I didn’t work my butt off for nothing. The amount is so minimal!</p>
<p>I am not aware of any private loans that do not begin accruing interest immediately. Some lenders will allow you to roll the interest into the loan (capitalize it) … but you can also do that with unsub loans. Also, the unsub interest is simple compounding, which many private loans are NOT.</p>
<p>You can pay the interest off each semester to keep it from compounding. Then you’ll just have the principal when you graduate.</p>
<p>ALL private loans start accruing interest immediately. You have the choice of paying the interest as you go - or having it roll into the total loan balance.</p>
<p>I have another family member who is willing to cosign for me. I just don’t know if the unsub loan is worth it, because of how it starts gaining interest the moment I take it out. That part scares me. I don’t want to be too much in debt, I don’t know if it would be worth it. </p>
<p>I don’t particularly feel like staying home and going to work at Micky D’s to pay a night school beauty course either. I didn’t work my butt off for nothing. The amount is so minimal!</p>
<p>the cosigned loan starts gaining interest at a higher rate the moment you take it out (for some private loans you may have to start repaying as soon as you take the $$ out)</p>
<p>Your post doesn’t make sense. Why would you “refuse” to take out the unsub loan but be willing to take out a private loan? Don’t you realize that they BOTH charge interest?</p>
<p>Your post makes is sound like you’d rather do a co-signed loan because the unsub loan will charge interest. It sounds like you don’t understand the situation.</p>
<p>because of how it starts gaining interest the moment I take it out</p>
<p>so do the co-signed loans.</p>
<p>I accidentally posted that last one twice. Anyhoots, thank you guys. I just wanted to know if there was any private loan out there that is in any way similar to the subsidized stafford loan. I’ll talk to my mother about the unsub loan as well.</p>
<p>Sorry for any confusion! High school prepares you for applying to college, they don’t really cover the financial aspects… At least in mine they didn’t.</p>
<p>Oh none of them do much on the financial part, so don’t feel bad about your HS. Even parents who try to find out this kind of stuff on their own struggle through it. Good luck with everything!</p>