I have been accepted into LMU for film and they gave me quite a bit of financial aid. However, it is a private school, so it is still expensive, leaving me and my family to pay 28k a year. My family is firm set on only supporting me for 9k a year wherever i go, and I figure I can work 10 hrs during school weeks and 40 hrs during the summer for about 10k. That still leaves me with a 9k a year gap to fill. My parents will not loan for me (Federal Parent PLUS Loan) nor will they co-sign a private loan because they do not support loaning for college or the risks that I am taking by moving from Florida to Cali and pursuing film. Can I fill this 9k gap with private loans without a co-signer? Or is that basically impossible to get? Are there any other options? I would really like to pursue film and LMU in LA is a great place to do so
I can’t imagine that you will find a private loan without a cosigner for $9000…or really any amount. Lending institutions require qualified signers…meaning they have full time jobs, or lots of collateral. You have neither.
I think your job idea is risky.
If your summer job is in Calif, and your school-year job will let you work 40 hours in the summer, then you’ll need to pay for housing/food during the summer…what’s going to pay for that? And, who knows if your school-year job will let you work 40 hours in the summer.
If your job will be in Florida, then it’s always going to be questionable of whether you can find a full time summer job.
The idea that you could NET $10k per year is very questionable. You’d have to earn more than that to net $10k after taxes, etc. AND…all those earning will affect your aid from school.