<p>I just recieved my first offer from Financial Aid from Rutgers University. I’m an out of state student, they awarded me only $5,625 in loan aids. They are expecting me to pay the rest, well, I cant, and im wondering if I can get larger loans without having to involve a co-signer? By them using the word offer does that mean there is room to negotiate things? Im new to this. thankyou.</p>
<p><a href=“http://www.sketchyloanshark.com%5B/url%5D%5B/b%5D”>http://www.sketchyloanshark.com</a></p>
<p>Visit that website, but be prepared to sell your soul for said loans</p>
<p>that is a dead link!!! I was going to have some fun checking it out!</p>
<p>Hopefully the loans they offered you would be Stafford student loans - there is also a parent PLUS loan option - these are all federal loans and so they are much safer to deal with than going to private loan companies.</p>
<p>But if you have no other choice and have to get a private education loan ask your college financial aid office to make a recommendation -</p>
<p>I would say pick another school. You cannot afford this school. You don’t have room to negotiate with a public school. If you were at the top of the pool, you would have been offered a spot at the honors college with some possible merit money. But it seems like this was not the case.</p>
<p>You are out of state applicant at a public univerisity. Don’t look to get any additional money from them. Right now the Cost of attendance for out of state student is $25,734. You state the school gave you no money other than loans. This means you will have almost $100,000 of debt if you stay there for 4 years. </p>
<p>Thanks to Arkansasmom for posting this on one of the other threads>.</p>
<p>NEW YORK (CNNMoney.com) - Mayrose Wegmann, 25, should have been starting on her dream career as a political consultant by now. And saving toward her first home.</p>
<p>Instead, Wegmann, who graduated with a degree in political science and journalism from the University of Iowa in 2004 and moved to Washington, D.C., is working at a non-profit because it pays significantly more than entry-level politics work. And she won’t even consider buying a home for several more years.</p>
<p>In fact, she won’t consider much except how to meet the $300 a month she owes on her $34,000 student loan balance.</p>
<p>“The school debt makes you decide [about your career] based on the money factor. Not based on what you want to do,” said Wegmann.</p>
<p>The Class of 2006, set to graduate this month, will soon be in the same boat.</p>
<p>Approximately two-thirds of all students use loans to pay for their higher education, according to the Center for Economic and Policy Research using data from the College Board. The average debt for students graduating in 2003-2004, the latest data available, was $15,622 for public schools and $22,581 for private many students rack up even more on their credit cards.</p>
<p>As recently as 1990, only 46.2 percent of students at public schools took out loans, averaging just $9,798 in 2004 dollars. Private school debt in 1990 averaged just $15,054.</p>
<p>Call it a reverse dowry: college debt diverts careers and delays or impedes graduates’ plans to get married, buy a home or even to start a family. The effects can last years.</p>
<p>A 22-year old student graduating this year who consolidates their $40,000 loan at 6.125 percent will need to pay $243 a month…until they’re 52. By that time, they will have paid $47,494 in interest alone.</p>
<p><a href=“http://money.cnn.com/2006/05/01/pf/...dex.htm?cnn=yes[/url]”>http://money.cnn.com/2006/05/01/pf/...dex.htm?cnn=yes</a></p>
<p>Hey thanks for all that information. So basically you make it BIG or you dont make it? <em>sigh</em> Well we will see. Im going to go with the parent plus loan…thanks for all the responses! I guess i’ll take my debt one step at a time…perhaps i’ll fall into some money. :)</p>