<p>i was just accepted in NYU, my ultimate dream school and i am able to pay all but about $5,000. i would qualify for many more loans except my mother's credit is shot to heck because of a foreclosure and i have nobody to cosign a loan for me. when i say nobody, i mean nobody. i was wondering if anyone knew of any loan places where a cosigner or credit check is not needed. i would appreciate this more than anything else in the world.</p>
<p>Move on and go to another school. If that is the best offer yo got from NYU, they are not going to increase your aid (this is coming directly from a 2x NYU student). </p>
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i was wondering if anyone knew of any loan places where a cosigner or credit check is not needed.
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<p>think about what you are asking; you want to know if there is someone out there who is willing to give you 200k and not be concerned if the money can be repaid.</p>
<p>No matter how wonderful you may feel NYU is it is not worth accumulating almost 200k worth of debt for as no one in their right mind out side of your parents is going to want to tie up their lives for you in co-signing for those kinds of loans.</p>
<p>move on</p>
<p>don't tell me to "move on." they gave me pratically a full ride... meaning $48,000. I wouldn't be asking for 200k... it's more like 20,000... i was aksing a question. i am concered. i didnt not deserved to be treated the way that you treated me.</p>
<p>Did the $48,000 they gave you include federal loans and work study? If your mother tries to get the PLUS loan and gets denied you will get to borrow the "independent amount" for the unsubsidized federal loan. That would increase the amount you could borrow by $4,000 per year. You'd only be $1,000 a year short.</p>
<p>Just a thought.</p>
<p>sybbie misread your post, I think-- she thought you were only getting 5K each year from NYU.</p>
<p>Sorry, I misread your post, I thought that you could only pay $5k not that you were 5k short, my apologies.</p>
<p>Zuzu is correct about if your mother has been turned down for a PLUS loan you can borrow and additional $4k unsubsidized. </p>
<p>However, I do stand by my original statement that NYU is not worth the exorboriant debt that one will incur to attend. From this parent's perspective I did advise my D from taking on massive debt to attend undergrad because it will limit her choices when it comes to her future (grad/professional school, where and how she wants to live, travel, the choice in employment)</p>
<p>Going this route if you graduate in 4 years you will incur in 38k debt maximizing your the total stafford allocation (4k freshman year, 5k each additional year) in addition to the max stafford loans that are already in your FA package (3500, freshman year, 4500 sophomore year, 5500 jr & senior year). If perkins loans are part of your package then add another 16k to the equation then you have 54k in debt all falling on your shoulders. (repayment over the course of 10 years at 6.8% will be $621.43 per month). From your post, it looks like you are looking to do playwriting, which no one would say is an economically stable profession.</p>
<p>If possible I think that you should & can make the 5k up through working. If you currently have a job, see if you can double up on your hours or add more hours over the summer as this will surely put a dent in this 5k. Also curb your spending, save , save , save. With graduation season coming around if people ask you what you want, tell them you are trying to raise $5k.</p>
<p>Also keep in mind that the tuition increases about 5% a year at each school so this is somthing you will have to factor in. My advice is to make sure that your what ever scholarship money you are getting from NYU is guaranteed as there is no phase in period as far as GPA as (having worked directly with the FA people at NYU) I know a number of people who had difficulty in a course and lost their scholarships for not maintaining the GPA requirements.</p>
<p>thank you for the help and suggestions. i did call the office and they confirmed that i will be elgible for 4,000 more because of my mother's failure to meet the requirements. </p>
<p>i also appealed for more aid.</p>