Question about the Fed Direct Parent Plus Loan..?

College Search & Selection
1

<p>I was offered this for about $6,000 a year, but there is absolutely no possible way my parents can pay or even get accepted for this..I have already enrolled in this school so what am I going to do?</p>

2

<p>1) You can have your parents apply for a Plus loan. If they are rejected, you can then have your Stafford Loan limit raised by $4,000. But you will still need to come up with $2,000. Can you do that?</p>

<p>2) You can ask the college/university to defer your enrollment for a semester or a year while you get the rest of the money together. If your parents can feed and house you while you work two or three jobs, you may be able to do that.</p>

<p>3) You can let the college/university know that you won’t be enrolling after all. You will probably lose your deposit. However, that will free you up to enroll in a less expensive college/university.</p>

<p>I have no idea who advised you to commit to that particular college/university when you received an un-affordable aid package. Whoever it was, did not do you any favor. You can’t afford this college/university, and you need to come up with a new (and better) plan for your future. For some ideas, you may want to visit the Financial Aid Forum, and read through the threads there. Here is the link for you: <a href=“http://talk.collegeconfidential.com/financial-aid-scholarships/[/url]”>http://talk.collegeconfidential.com/financial-aid-scholarships/&lt;/a&gt;&lt;/p&gt;

<p>Wishing you all the best.</p>