school doesn’t participate in federal student aid/loans?
i go to a community college and i recieve the pell grant. the pell grant however doesnnt cover everything so i was going to apply for a subsidized stafford loan. i went on sallie mae to apply and when i put in the name of my college it said the financial aid counselors complete the info. Does that mean that my school doesn’t do stafford loans,etc? If not what other options are available. Im 20, little credit history, single parent/ low income,no cosigner available. WHAT DO I DO!!!!!!!!!!
Alright, i don’t know whether it’ll go through or not but i called Chase abnk to get a student loan and they got all my info and are sending a promissary note. Does signing a promissary note mean i will get the loan? HOw much should i borrow? Can you have both a pell and a loan? How does that work? What if you use up all the pell but dont touch the loan? Do they give you that whole amount or send it back?
Some schools do not participate in the federal student loan program even when they allow students to get the Pell. Usually because the schools “default” rate was too high the in the past and the school is very inexpensive.
The best way to find out if you can get a Stafford loan is to go to your schools website and see if Stafford loans are listed on their website as a financial aid option. I would be leery of applying for a Sallie Mae loan on the Internet as some of these are actually “Private” loans and not the government subsidized ones you are looking for. Go to your schools fin aid office and apply there, just to be on the safe side.
Good luck.
