<p>I'm in my final year of college (with only 17 credits to go) and I can't pay for it! For the first time since I've started college that the parent plus loan WITH the cosigner got denied. Plus, I recently got a letter from my university stating that I NEED to pay my bill within the next two weeks or my housing contract will be revoked. I really don't know what to do. Help!!</p>
<p>I hesitate to ask this…but how much have you already borrowed? How much do you NEED to borrow to complete this year?</p>
<p>Yes, how much have you borrowed so far? How much has your co-signer signed for?</p>
<p>*For the first time since I started my student loans WITH the cosigner got denied. *</p>
<p>While it sounds like you’ve already borrowed WAY TOO MUCH, you still need to borrow more. Can one of your parents do a Plus Loan? If they apply and are denied, then you’ll get $4k more in loans. Are you taking out the max Stafford loans?</p>
<p>Around 25k. My parents have borrowed around 75k. I made a mistake in my original post. It was actually my parents loans that got denied for the first time. However, I’ve tried to apply for student loans and those got denied with a cosigner as well.</p>
<p>Your parents need to find out why their loans were denied. if they have a “late ding” on their credit, they can contact that creditor and see if they’ll remove that ding.</p>
<p>I sure hope that your parents can afford to pay ALL that debt back and they aren’t expecting YOU to pay that much back.</p>
<p>Yes I’m taking out the max in stafford loans. By the end of this school year I would have exhausted the 30k limit. I’ve already received the extra 4k but I still have 13k to pay for this semester and another 13k next semester as well.</p>
<p>They’ve already told me that they’re expecting me to help pay for most of it.</p>
<p>Call your financial aid office, and ask to talk to your director and explain your situation. What you may have to do is take off this term. You can then use the full amount of your Staffords for the second semester and work this term making the money to pay for next year. You can explain to your parents that you are at the end of the line in terms of loans and you don’t have the money to do this, so that you will have to withdraw fromschool to earn it. I think if you start right now, you will be able to earn enough so that you can go full time next term and then by continuting to work through the term, summer and full time next year, be able to go back and finish second semester. You will have to salt away everything you can doing it this way. It does happen quite a bit in families. If your family is now more than 90 days behind in payments, yes, they can get denied for the PLUS. They can appeal it or the other parent, can give it a go since only one parent applies, or a cosigner can be gotten. BUt if our family has financial issues, it’s not necessarily a bad thing that they were denied an additional $26K in loans.</p>
<p>With 17 credits to go, can you finish in a single semester?</p>