I am going to college this summer at my local college, before moving to Iowa.
I could not figure out why everyone I went to HS with, went to college out of town, and now I know why.
BTW: This is a public, community college of about 2,000 people.
I was approved for pell grants, and sub/unsub loan through FASFA.
My college denied my loans.
I went to college there 6 years ago and felt overwhelmed and felt I did not make the right career choice, so I dropped.
I did not receive any loans.
So this college denied my loan because I dropped out 6 years ago. Ok, fair enough.
So I applied for a PRIVATE student through Sallie Mae.
They DENIED that loan.
They sent me a letter, basically stating I would “receive more money than needed, if they approved this”.
I am only receiving $1,000 after tuition for summer semester. This does not count books, lunch card, etc.
They said they would only approve my PRIVATE LOAN. That I APPLIED FOR, with my OWN CREDIT REPORT.
IF…I provided receipts.
That is RIGHT. They want me to buy a laptop, books, and everything else OUT OF POCKET and REIMBURSE me WITH MY PRIVATE LOAN. THAT I HAVE TO PAY BACK.
Can you believe this load of BS?