<p>Please help me.... I'm freaking out right now...</p>
<p>I already maxed out on Stafford loans, but I'm still $7000 short, which naturally means that I have to borrow from a private lender. The problem here is that most private lenders demand a cosigner (which would naturally be my parents) with a good credit history. The thing is I never have a job before and I have no credit history. My parents do have a job, but they earn low income and they never file for credit history before. Will those lenders hesistate to give me a loan??? If I'm rejected by all the lenders and I'm still $7000 short, what can I do???? I really don't want to give up my spot at my university... What can I do??? HELP!!!!!!!!!!!!!!!!!!</p>
<p>It really sound like you need to consider a lower cost school. What alternative schools do you have?</p>
<p>I can’t change right now, can I??? I mean, I already submitted my deposit. I am going to USC btw… My other choice was UCSD, but I ignored it, so I guess there’s no way of me to go back right now, right??</p>
<p>My absolutely worst worst worst worst worst case alternative is to go to CC for two years. But that would be absolutely dreadful… I mean, CC over USC…</p>
<p>Are your parents willing to cosign? If they are willing, then apply. You might get the loans, you might not. But you can’t know unless you apply.</p>
<p>I’m sorry I don’t any advice in case you’re rejected.</p>
<p>Yea, they are willing to cosign, but I’m just afraid that it won’t help much. The good thing is that I’m a spring admit, so I don’t have to start paying soon right away. </p>
<p>I just applied to a couple of banks and now waiting for their approval. Seriously, this is like ten times worse than waiting for my AP scores to arrive…</p>