<p>Ok, here's my situation in a nutshell. Due to a mental illness, my first year of graduate school, I got one F (first semester) and withdrew from the rest of my classes (first and second semesters). I tried again this fall, and received two A's in my two classes, giving me a 4.0 for the semester. Yet, my cumulative GPA is 2.66 (below the 3.0 requirement). Also, my SAP is ineligible for my my loan. So, they've taken again my federal loans and just informed me right before Christmas. So now, I have no money to pay for school next semester.</p>
<p>The school is closed for Christmas holiday so I can't talk to my financial aid advisor or school department until January 3rd. Also, my doctor is on vacation until the 3rd so I don't know when I can see him to get a letter of evidence in order to request a repreive (which I hear can take 20 days to process). Yet classes start January 9th. I would need to get a private loan to pay for this coming semester, but I have pretty bad credit (it's definetly not good, but I don't know how bad it is exactly). Also, I most likely won't have a co-signer, since my father is pretty adament about not giving me any more help. </p>
<p>I've heard that certain private loans, such as Wells Fargo, allow you to apply without a co-signer, but what are my chances realistically of getting the loan?</p>
<p>Can anyone suggest a good private loan I can apply for in which I would not need a co-signer? I really need to go to school next semester since I am not working and it is unlikely I will find a job to pay for my school bills and other expenses in time. Besides medical expenses, I am also currently paying back credit cards and some undergrad loans which I most likely will not be allowed to defer.</p>
<p>What do I do? Any and all suggestions welcome.</p>
<p>I suggest you contact the student accounts/ aid dept ASAP.
My daughters school is also closed but they responded to a question I had within an hour.</p>
<p>Not sure if Grad Plus loans are subject to SAP like Staffords are, but that would be a good alternative to explore. They is no debt to income or FICO score check, as private lenders would require, although borrowers can’t have current delinquencies over 90 days. The rate is fixed at 7.9%, plus origination fees.</p>
<p>I agree with EK…email the FA office as they are likely working. Perhaps you could set up a time payment system until you get your appeal sorted out.</p>
<p>ED, I do not find it hard to believe. Remember once you get to grad school, in most cases a B is a passing grade (while you can still pass the course with a C or a D, you will need a 3.0 gpa to get a masters).</p>
<p>I don’t know if she’s saying that the 2.66 is the problem with SAP - it sounds to me that the problem is the number of credits attempted vs. passed. IIRC, withdrawals still count as attempts. The 3.0 is likely the cutoff to remain in her program and I don’t think that’s unusual for grad programs as my D has the same minimum gpa requirement to stay in her program. OP, can you clarify - are they letting you stay in your program and is the gpa the reason your federal aid is gone or is it the number of credits earned vs. attempted?</p>
<p>In my experience in grad school, your final average must be a B, but you cannot have more tha two grades of C. Perhaps this was unique to my program, but that was it.<br>
Re: this poster, contact your school. Each school has its own SAP guidelines.</p>
<p>Not necessarily. Even back in the 80s when I was in grad school, a C was not a passing grade for a grad student. If one couldn’t pull off a B, the prevailing belief was that one did not belong in grad school.</p>