loan question

Paying for College
1

<p>i apologize for my ignorance...</p>

<p>but can students take out loans themselves other than the perkins and stafford offered in their finacial aid package? i always hear about students being x amount in debt, and it seems the only way that is possible is that they took out other loans.</p>

<p>my situation is that i got into nyu (who we all know to be stingyyy with money) and basically the price i have to pay after finacial aid is 30,000. my parents said they could pay about 10,000. if i can take out these other loans, is it worth it to take out 20k a year and be 80k in debt when i graduate?</p>

<p>honestly, compared to some other nyu students, i feel like 80k isn't the WORST amount of debt to be in. i've seen the facebook groups where a lot of kids are 100-160k in debt :) </p>

<p>thanks so much in advance for your help!</p>

2

<p>Yes you can but you will more than likely need a credit worthy co-signer unless you have credit established or make $18K a year. My son is in the same boat and he is going to have to get a co-signer and we(his parents) have soo much debt I don't know if we will be credit worthy or not. We have great credit just too much of it. We are going to have one of his grandparents sign for him. Some programs will allow you to drop the co-signer once a certain amount of on time payments are made. Ask your school's financial aid office for help -they know the best alternitives.</p>