<p>D will be starting grad school in September. Due to changes in the state’s curriculum requirements, the program won’t be fully certified until January, so she will technically be listed as “non-matriculated” until January when the certification comes through. Therefore, she can’t get a direct loan or a Perkins loan or qualify for the Teach Grant. The amount left is only $2000, but we can’t give it to her. Does anyone know if it’s possible to apply through Sallie Mae for a loan when one is non-matriculated? Or does anyone have any further suggestions for her to bridge the gap for one semester?</p>
<p>can she delay start until Jan?</p>
<p>It would have to be an entire year.</p>
<p>Anybody got a car they can refinance?</p>
<p>No. All paid off.</p>
<p>You will have to apply for a private loan. You can try chase, citibank, etc. Have your daughter contact the school’s financial aid office to find out their listing of preferred lenders.</p>
<p>The one up shot to salliemae is that if your daughter works 5 years in an underserved area, they will give her $5000. Their will give 18k if she does the work as a SPED teacher.</p>
<p>If you have a paid off car, you can refinance THAT.</p>
<p>No offense, but that seems very silly for $2000.</p>
<p>Silly?</p>
<p>You’re saying that you quickly need $2000 to pay for your D’s college costs. you say that you need a money source. Many banks/credit unions will let you take a car loan out against your car for $2000. The interest would be lower than just a private loan.</p>
<p>I don’t know how that is “silly”.</p>
<p>Yes. I do get the logic of it, but with such a small amount, it seems like a great deal of trouble and time. Unfortunately, we are strapped for time because she wasn’t told until Friday that the program won’t have its final certification until later in the semester and I just paid many thousands of dollars in dental fees and for my other daughter’s undergrad. Last week! I’m mildly annoyed at the lack of communication from her program. I’m going to ask her to call the school and see if there is a payment plan for graduate students.</p>
<p>Since the school is having the issue with being accredited and with less than ideal notification, it seems like they might be thinking about working something out since it would not be just your daughter, but numerous other students with this problem.</p>
<p>Has she asked them about terms yet?</p>
<p>Assuming your credit it reasonably decent and (especially) if you have a bank where you have accounts, take in the car title, tell them you need a loan against the title, and you’re likely to be out the door with check in under an hour.</p>
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There are only four students admitted for this fall and two of them are career changers for whom money isn’t an issue. My D had saved up most of the cost, but had expected to get the Teach Grant but, since the final paperwork isn’t done, she can’t get it this semester.</p>