<p>I am planning to go to school for the spring semester to new york but my federal aid will no cover everything. I have a EFC 0, maxed out for the full amount on the stafford, pell grant, and if i get awared the perkins i will still be short. I need about $15,000 more to cover the costs, i have no credit history, no cosigner willing, no parent, no friend, no relative. I can't find a private loan and have already been denied by chase, i was wondering if anyone could help by telling me of a private loan where i could be granted the amount with no credit.</p>
<p>P.S.
My family all has good credit so they would not get denied a Plus loan and they wouldn't sign up for a plue loan.</p>
<p>you need to find a different school. Even if you COULD get a loan for 15K, with the stafford loan that is probably 20K in loans for 1 SEMESTER?. DON"T DO IT.</p>
<p>There’s a reason why you can’t get anymore loans by yourself; lenders know that you’re borrowing too much to likely be able to pay it all back. </p>
<p>You need to go to a less expensive school. It sounds like your choice of school is costing about $50k per year. That’s not a good idea for a 0 EFC student who has not been awarded substantial grants. </p>
<p>I know that students often think that taking out big loans to cover their undergrad years is a quick fix, but you can’t just think about the “here and now.” It can take a graduate many years before he can comfortably pay back big loans. </p>
<p>For every $20k that you borrow, your monthly payment will $230 a month. It seems like you’re on track for borrowing upwards of $60-100k, which could result in monthly payments of over $1000 per month for 10 long years which could totally cripple your lifestyle between the ages of 23 -33. Think what that would be like. :(</p>
<p>You need to apply to a less expensive school. If necessary, live at home and commute or go to an in-state public which will be less expensive. What is your home state and major? Are you currently a freshman?</p>
<p>I know this sounds harsh, and it isn’t what you want to hear, but you need to really think about this goal of going to such an expensive school. </p>
<p>:)</p>