<p>You know, loans that I apply from banks or loan companies.</p>
<p>Also, is a $31,000 financial aid package decent for a school that costs $48,000?</p>
<p>Bumperooni</p>
<p>if they gave you 31K in scholarships and grants (money that doesn't have to be paid back) for a school that costs 48K it's not bad. What was your efc.</p>
<p>It was 300 something dollars.</p>
<p>which school?</p>
<p>Northeastern</p>
<p>No one knows the answer to the first question?</p>
<p>This is the second thread you started, asking the same question. You didn't really supply enough information in either thread to give you a reasonable answer.</p>
<p>In general, students won't be able to get any significant outside (non-student) loans without having a parent co-sign. So I guess the broad answer is, it depends on whether your parent's are willing to co-sign, and how much additional you need, and whether you and your parents are willing to go into that much debt.</p>
<p>But, as I said twice in the OTHER thread, if you're talking about the student loans included in your finaid package, that's a different matter. Your school will tell you when to complete those.</p>
<p>My parent is going to co-sign, and I am going to need around 17k. I was just looking for a general answer for when students usually take out loans.</p>
<p>You will need to confirm the following with a lender:</p>
<p>Generally, you will need to be officially enrolled to apply and to receive a private loan. Your application should not be done too early because the data the lender gathers only has a certain shelf-life. Do not apply any earlier than July 1, this is because if the loan is not taken within 3 months, the loan app expires. The actual process is fairly simple and straight forward. The subprime lending and student loan business is perilous for lenders and investors of lending companies. Private student loan business is especially perilous for lenders since there is no collateral, credit history, work history, or guarantee of repayment. Put yourself as a lending officer. You see a young person who wants $17k/yr for the next 4 years or $68K if you graduate in 4 years. Will you, the lender, see the borrower being able to afford the monthly payments on just the first year's loan of $17,000 ?</p>
<p>You may apply for the loan 2-3 months before school starts. You will be approved for the loan about 1 month before school. You will take out the loan (rather the lender will disburse the funds) very close to the date of school start. </p>
<p>Be an informed borrower. Check several sources. This amount of loans outside of your guaranteed student Stafford and Pell is very dangerous to your future life after college.</p>
<p>Wow, thanks a lot.</p>