<p>Not sure if this is the correct menu, but I'm going to ask anyways.</p>
<p>I'm going to a community college in Washington state. I plan to transfer, along with my girlfriend, to another community college for the 2011-2012 school year, so I will again be a sophomore. My girlfriend and I are planning to move to the city with the transfer college in July. She is going to take 10 credits (two classes) online in the summer, and she is planning to take out a loan for that. Since she is currently enrolled and taking classes at this current college, can she still take out a loan for the summer at this transfer college, even though it's considered the newer school year? When is the earliest time she can do that? Classes end in the middle of June and tuition is due on June 20th at this other college.</p>
<p>A lot of loans I've looked up say the money goes straight to the college. If that is the case, how do we get the money available for us to be able to pay for our apartment?</p>
<p>Also, am I able to take out a loan right now and put the money away in a savings account? For Stafford loan purposes, I did file the 2010-2011 FAFSA and it was processed last June. We really need a loan to help us out, since we don't have much money to be able to pay the $750/month rent plus my $320 car payment, among other bills. Any advice will be appreciated.</p>
<p>You can’t find a cheaper apartment?</p>
<p>We probably could but we’re using the $750 one as our first option, and the one that is about 610-630 as our second option. We like the first one better. Better rating, better location, more amenities, etc. That’s besides the point though…</p>
<p>You’re in college, you ought to go for the cheapest thing possible. $100 a month can be used for so many other things. It may seem easy as you have a loan, but think of interest etc etc, go for the cheaper option.</p>
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<p>Basically, what happens in those situations is that the money goes straight to the college first, and if there’s anything left after the billable expenses (tuition and any fees charged by the college directly) then that goes to you in the form of a check. So, if the college costs $1000 a semester, and you get one of those loans for $3000, the money will go to the college – they’ll take their cut – and they’ll give you a check for the $2000 remainder. </p>
<p>The thing is that it can take time for that to happen (you might not get your refund until a week or so after classes start).</p>
<p>Can the Stafford loans cover your tuition at least? If you need money, you want to make sure you exhaust the Staffords first before moving onto to a private loan unless you have good credit or are otherwise able to obtain interest rates that are better off.</p>
<p>Yeah, just make sure you have a month or so’s rent saved up just in case your refund doesn’t come right away. I’m doing something really similar. </p>
<p>My apartment is pretty expensive ($700/mo) and there are a lot of cheaper things out there but that’s where my friends wanted to live and getting a place by myself would have been that expensive and not as nice. So it’s okay with me.</p>