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grayhare

student loans…aghh??

My partner and I are looking into getting a student loan for his spring semester…and “student loan” are two very scary words to us. But we are having a baby very soon, and therefore will have no spare money to go toward college, and the federal aid he receives is not enough to cover all costs. We feel like it would be better to be slightly less comfortable once he’s graduated and has a job than to live in absolute poverty for the next 2 years. We were thinking of taking out about $4000 a year for 2 years, since he has 4 more semesters of college to go (he’ll go this spring, then over summer, then fall, then next spring).

I was just wondering if anyone had a positive experience with a particular student loan company…you know, low interest…really did wait till after graduation to start paying back…also, how much was your total loan and how much was your monthly payment? Thanks for any advice.

Top 7 Answers
Phoenixsong

Favorite Answer

Well, I can understand and sympathize with you. I don’t have kids, but my husband is going back to school (not college, but a vocational school) for his firefighting and EMT certifications. We don’t really share money, so he pays for his stuff and I pay for mine.

I’ve been in college part time for the last four years. I average about 2 classes every semester. I had applied for the nursing program 4 times and never got in. This spring, I applied again and I got a letter that I was an alternate if anyone else dropped out. I had to attend an orientation last Thursday and I just found out that I got in. I am now scrambling to get the FAFSA filed (already done, just waiting to hear back) and in the meantime I am looking into student loans. I am in a panic, classes start in three weeks and I am trying to keep calm. I talked to some other people in this orientation about how to pay for it (I had never gave it much thought since I had never made the cut before). They said once I find out how much or if the government will give me aid- they referred me to Sallie Mae or Stafford Loans. I think they are the same thing. Not sure. I’ve never done this before because until now, I only took a few classes a semester and paid for it out of my own pocket. Now that I am loaded down with 13 credit hours, I need to find a way to pay for it all.

Student loans are scary, but they are better than any other type of loan. You won’t have to start paying them back until 6 months after he’s done with school. By then, he’ll have a degree and surely a better paying job in the profession he’s working towards.

Best of luck to you both. Congrats on the baby and relax- it’ll be easier than it seems- at least that’s what everyone has told me to get me to calm down.

1

5 years ago
deirdre
Student
0

fatamorgana1989
Don’t let other people influence you with fear of student loans. Taking out a loan ia actually good for you and building up credit. In fact, it’s the best way to start making good credit. People who say it’s a bad thing are biased. It’s only bad if you don’t deal with the responbilities that come with the loans.
2

jhs80123
Four thousand is a drop in the bucket to many school loans, especially if it will open doors to better paying job. I have out $18,000 and pay $150.00 and i’m thinking about going back for another year to get another certification.

Consolidate after you through with school! in the meantime looks gor grants and scholarships.

1

Anonymous
Maybe you can try below website to get the information you need. It’s about a unique student loans solution for your second opinion.
0

Lin B
i would suggest you get a federal loan, because any private loan is going to have higher interest rates.
1

zebrafinchlover
can he get some sort of scholarship? there are many to apply for, i don’t know what you guys would qualify for, but deffinatly worth a shot!
0

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