Which Banks can I get a Private Student loan from that doesn’t require the school to certify it?
Question by Jnaujo: Which Banks can I get a Private Student loan from that doesn’t require the school to certify it?
I appealed, yet again, for my Satisfactory Academic Progress Policy, and, yet again, the school has denied it. The reason for denial is due to the fact that I have too many credit hours, and haven’t received my degree yet. The reason for the too many credit hours is, because I transferred from another school 7 years ago, and a bunch of my credits wouldn’t transfer to my degree. I have tapped out every possible out of pocket dollar I had in order to attend last semester. Now, I have maxed out both of my credit cards just to pay for the present semester I’m in. I’m taking 20 credit hours, and working 3 jobs now, because of this STUPID policy. Working these jobs, I won’t even make a quarter of what I would need to pay for my semester. I haven’t even reached my aggregate limit for aid!! I have one more semester left. The school has told me that they WILL NOT CERTIFY any private student loan I get, and they will deny any scholarship I get. I was told that the only way is for me to find a Private lender that will not consider the SAP policy as a requirement to get the loan. Where can I go?
This policy wouldn’t be STUPID, if it actually applied to the STUPID students. As in students who:1) don’t attend class, 2) who drop out of school, and 3) who are failing their classes. I do not meet any of these classifications. I am a straight A student, and have busted my rump everyday of my college career. Now, with 1 semester to go, there is a possibility that I may not be able to finish my degree. Therefore, this policy is STUPID! It’s one thing if a student has 2 years or more to finish, but it’s ridiculous to do this to students who have 1 or 2 semesters left!
Answer by Gypsy
sounds to me like you will have to use credit to obtain a “regular loan”…. maybe with a co-signer… and something as collateral (maybe a home equity loan from your parents?)…
borrow enough to pay for the entire semester and to pay the balances off on those credit cards…. then use the money from your jobs to pay the monthly payments on the loan
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