Help! need to fund last year in college

Parent Cafe
1

<p>My son is a junior at a UC. So far with a combination of scholarships, his earnings and our savings we have covered everything up to next fall.</p>

<p>The cost of living & tuition increases (about 15k a year) really threw us along with some financial mishaps (bad roomates, crooked landlords) and we are about dry. He still has rent to pay over the summer and then tuition and living expenses next year.</p>

<p>We are looking for a loan as he or us would never qualify for anything else. we have good credit as well.</p>

<p>I’m at a lost on where to start looking as it didn’t seem like the financial aid section was applicable to us. Can someone point me in the right direction??
Thanks</p>

2

<p>PLUS Loans are loans parents can take out for any amount up to the full cost of the college bill. I will qualify that…they can take out the full amount of the cost of attendance MINUS any other financial aid the student receives (which in your case is 0). The Parent PLUS loan is a low interest, federally sponsored student loan for parents of undergraduate, dependent students. That is where you should look to borrow the difference. We have PLUS loans for both of our children.</p>

<p>You could call the financial aid office at your son’s college to ask how to secure Plus Loans.</p>

<p>More information about PLUS loans can be found here:
<a href=“http://studentaid.ed.gov/PORTALSWebApp/students/english/parentloans.jsp[/url]”>http://studentaid.ed.gov/PORTALSWebApp/students/english/parentloans.jsp&lt;/a&gt;&lt;/p&gt;

3

<p>THANK YOU! I have heard about that.</p>

4

<p>You could also take out a home equity loan to fund college, since interest paid is tax deductible.</p>

5

<p>and just PRAY that he’ll graduate in one more year…</p>