A bit of advice

mom2collegekids
Sat, 19 Mar 2011 21:05:14 +0000

Your mom is going to be moving out of the country. YOU can’t borrow more than the small federal limits. Since your mom is leaving the country, I’m not sure if she would be an adequate co-signer. Or, your mom may refuse to co-sign since she doesn’t earn a lot. Is your mom quiting her job? Will she have a job in the home country?

These are the amounts that YOU can borrow by yourself…

frosh 5500
soph 6500
jr 7500
sr 7500

Does anyone know what the rules are for a US citizen who has lived in the US, but then the parent moves out of the country and the child stays in the country. Does the student really lose his residency?