<p>I have just started my research on loans, so I am not exactly sure which is the best option out there for me. But, I am currently enrolled in a community college and will be transferring to/attending a State college by next Fall Semester. My parents currently are able to pay for my tuition and even for my books (how much that will change when I go to a more expensive college, I am unsure). I know this is me being a baby, but the commute to school would be unbearable for me to do, especially if I want to actually do homework without rushing it. I currently, like I said before, am at a community college and I do have a part-time job. The part-time job is not good enough at the moment to cover gas and other expenses. Then, with the commute, an hour each way to school or to work (you can choose whichever), I rarely even now have time to do homework and submit it on time. This worries me for when I go to State and will be taking much harder classes pertaining to my major. So, in hopes of being able to move into my school and work area, I am considering getting a loan. The issue is that I do not need anything for school (at the moment), and am just looking for something to help me with living expenses - and if I move, I won't need help with gas or groceries because I will not be commuting as much and I will have left over money.
Does anyone have any suggestions for a certain type of loan that I should consider?
Once again, I know I am being a baby...but with how little time I have right now (and only taking two classes!), I am worried that when I take on a full load AND work next year I won't be able to be Super Woman and do it all. I am stressing about work and school AND the commute. If I could eliminate one of those things, I would prefer for it to be the commute because I love having my job and I am staying in school until I finish this damn thing. So, moving into the area will just be the best thing for me to do at the time...I'm just unsure of the loans out there that would be good for me for rent/living expenses.</p>
<p>The only loan I would recommend is a Direct (Stafford) loan. Talk to the Financial Aid office at school.</p>
<p>You can’t just get a loan. You must qualify for one. For example, you can’t get a private loan because you are a student with no collateral. For college loans, it depends on your parents’ income and savings. You start that process by filling out the FAFSA and maybe the CSS. The FAFSA site explains more about loans.</p>
<p>You need to talk to your parents about how much they’ll pay towards college. Did you fill out FAFSA for this year? If so, what was your EFC?</p>
<p>YOU can’t just borrow your uncovered college costs. there are limits.</p>
<p>frosh 5500
soph 6500
jr 7500
sr 7500</p>
<p>To borrow more (BAD IDEA) would mean that your PARENTS would have to qualify and co-sign. Most parents won’t do that because it’s very risky. </p>
<p>You work part-time and don’t earn much, and you’re only taking two classes, yet you seem overwhelmed. What’s going on? How many hours a week do you work?</p>
<p>Ask your parents how much they’ll pay for college. And have them fill out FAFSA for this year to see what your EFC is.</p>
<p>
Not quite correct.</p>
<p>Federal Student Loans are part of Federal Financial Aid. If you are eligable, you may apply for Federal Financial Aid by filing the FAFSA. Depending on your Need (calculated with your EFC and your school’s COA), the school may award you various Federal Financial Aid (by following guidelines from Dept of Ed). See [Home</a> | Federal Student Aid](<a href=“http://studentaid.ed.gov/]Home”>http://studentaid.ed.gov/)
Also
</p>