<p>I've been kind-of waiting for the school to tell me to "go" - to start appling for alternative loans. </p>
<p>But they haven't contacted me and they haven't updated their alternative lender list on their website.</p>
<p>D is supposed to register for classes on July 8th. Shouldn't I have secured the loan before then? (School starts on Aug. 30. Moves in on Aug. 25.)</p>
<p>My concern comes from a detail I read on their website where they explain their loans - it said that the new requirements for alternative loans makes the process take much longer.</p>
<p>Also - in an oddly worded part (so I'm not sure if I've understood it correctly), the site says that there are several pieces of paperwork/requirements that need to be completed in order for the school to lift the academic HOLD and permit registration - they say at least 2 weeks prior to their registration date... which would mean by this Wednesday... which doesn't look good. But it's unclear whether any of this applies to her. </p>
<p>Thanks for whatever timing suggestions you can provide.</p>
<p>I’m not familiar enough with private loans, but I wouldn’t think the school is the one who tells you to go apply.</p>
<p>I would start looking/applying now. Try Plus Loans first, then Sallie Mae.</p>
<p>My concern comes from a detail I read on their website where they explain their loans - it said that the new requirements for alternative loans makes the process take much longer.</p>
<p>Are these loans from the college? Or is the college talking about the new req’ts for private loans or Sallie Mae?</p>
<p>thanks mom2.</p>
<p>still haven’t heard anything from the college. nervewracking.</p>
<p>thinking of not goine with PLUS loans so that loans will be in D’s name (tho the plan is for her to pay the Staffords and Perkins (about 30K) and i plan to pay the alternative (another 30K), but i’d like it to be in her name, not mine.</p>
<p>Then go with the Sallie Mae.</p>
<p>But if Plus Loans have a better rate (which is likely), I don’t think that having loans in her name are a good idea. </p>
<p>Why do you want your loans in HER name? What if something happened to you (like you died), she would be responsible for those loans. If the Plus loans were in YOUR name and you died, I think they’re forgiven.</p>
<p>i’m basing that decision on advice from my parents who are big financial supports for us. this will sound like i’m a 2 year old, and maybe there is an element of that to it, but when it comes to money i generally do what they tell me.</p>