<p>I am about to finish my first year of my undergraduate college career. As of now, none of it has been payed off except for 1000$ that I put down as "good faith" so that I could schedule for classes my second semester. I have yet to schedule for the next semester (fall) as I am on a financial hold. I currently to not have a major as I do not truly know what I want to do with my life. I understand that it is such an important decision so I have yet to declare.
My plan, until today, was to have my sister be my cosigner in order to pay for my past two semesters, as well as my rent for all of next year. It would be a large sum of money, but I figured once out of school, I would be able to pay it off. i.e. The risk was worth the reward. However, she has recently been denied as my cosigner, and neither of my parents are in any sort of condition to help pay. My family income (between my parents) is practically zero as one is on disability and the other is unemployed, but the amount owed to the university is still too much.
I could possibly ask my uncle to co-sign, but not only do I want that burden on him, but I don't even have a set collegiate plan. I don't even have a major, so how can I be so sure that I want to put that much pressure on him and myself?
Basically, I am at the point that I feel as if I should leave college, join the military, or attempt ROTC. I am beyond stressed between finals week, attempting to handle loans and fafsa on my own, and having no clue what my aspirations in life are. I am close to quitting and need some insight. Whatever you guys could add, I would appreciate.
Thanks,
A student needing help</p>
<p>What about federal aid? Did you not get any? Federal student loans do not require a cosigner.</p>
<p>You need to take a visit to financial aid ASAP, and see what you are eligible to get, as the doors will be closing on federal funds for the past school year in the next month or so, and then, that would be it for you. You cannot get student loans for back costs.</p>
<p>Did you fill out a FAFSA for the 2012-13 school year? You need that to get Stafford loans, and accessibility to PLUS and other options. </p>
<p>Are you an international student? Are there any other issues and impediments to your getting aid? </p>
<p>If you are a permanent resident/US citizen, and dependent (under 24 and not married, etc–check the definitions) you need your parents’ tax returns and their assets ( other than qualified retirement type) as of the day you fill out the FAFSA, and you need to get them completed, get a PIN for yourself and your parents to get access to pretty much a guaranteed $5500 in Stafford loans. Depending on your school and your EFC, you might be eligible for other money as well.</p>