<p>@sk8rmom
If I do get denied, I’ll see if my school can work with me. Until then, this list of lenders is all they would give me when I asked about a private student loan. Thank you :)</p>
<p>Can you try to call the lenders, like Edamerica, at their 1-800 or whatever contact numbers they listed, and then talk to an associate over the phone? I thought you were looking at banks like Citibank or Bank of America, who list their loan terms on the website.</p>
<p>Edited: Well, Citibank anyway. Bank of America has stopped originating loans.</p>
<p>Citibank: <a href=“Products & Services - Citibank”>Products & Services - Citibank;
<p>Following up on this, I did not need a private loan after all. Instead, I went with a Parent Plus loan and was approved for well over what I needed. I applied for it extremely late, so I had to pay for my own books out of my pocket, unfortunately. It all worked out so far, but I do feel pretty tied down now that I have debt (as in, I don’t have the freedom to just go anywhere and start new until I pay back what I owe).</p>
<p>You’re not really supposed to bump older threads from last month, especially when you have nothing new or relevant to say (everyone graduates with debt, and everyone has to feel tied down to work for a living. Take it as an incentive to keep your nose to the grindstone so that you can pay off these loans before you’re 30, and as an object lesson that there’s no such thing as a free lunch, regardless of what others might inform you).</p>
<p>*I did not need a private loan after all. Instead, I went with a Parent Plus loan and was approved for well over what I needed. I applied for it extremely late, so I had to pay for my own books out of my pocket, unfortunately. It all worked out so far, but I do feel pretty tied down now that I have debt (as in, I don’t have the freedom to just go anywhere and start new until I pay back what I owe). *</p>
<p>???</p>
<p>I think you mean that your PARENTS now have a loan. Your parents applied for it…not you. They are responsible for that loan…altho you may have agreed to pay it.</p>
<p>How do you know if your Parents will get approved next year?</p>
<p>
Is that a new CC rule? I was not aware of it.</p>
<p>It’s not a “new” rule. Bumping up old threads hasn’t been kosher since longer than even you’ve been here… :rolleyes:</p>
<p>^^^^^
Considering that you’ve been here 5 months and swimcatsmom 4 years you might want to reconsider your self-appointed position as hall monitor.</p>
<p>
Trust me, I did a favor to everyone looking for this information. I was in the shoes of someone searching for answers, and I wish people had followed up on threads they started, which is the reason I did and will continue to. Thanks for your concern.</p>
<p>
I don’t know this, but I don’t see why they wouldn’t. Regardless, I’ll get looking for scholarships at the start of next semester and see what I find.</p>
<p>More followup: The loan actually was NOT more than I needed at ALL. It turns out I have to pay a MONTHLY fee to live in the dorms, on top of a MONTHLY fee for their bogus meal plan. DO NOT BUY A MEAL PLAN. I would have saved myself over $500 because meal plans are absolute ripoffs. When I realized how ridiculous it was that I was literally giving them money so they could turn around and give me less to eat on, I canceled for a $175 cancellation fee, which was another surprise to me.</p>
<p>So I’m renting a house with a guy next semester for much cheaper than it costs to live in the dorms ($360 vs $500), and I’ll be getting a job to make money for food (since the loan money will actually run out before the end of the semester).</p>
<p>When I realized how ridiculous it was that I was literally giving them money so they could turn around and give me less to eat on, I canceled for a $175 cancellation fee, which was another surprise to me.</p>
<p>good lesson to read what you sign</p>
<p>@emeraldkity4
That is so unfortunately true… I have a suspicion that it is the intention of the university to deceptively lead students into signing contracts. I had NO idea it was going to cost a monthly fee. I couldn’t find a price anywhere. I even called them to find out specifically the cost, and I somehow managed to get off the phone and still not know. None of the transfer students I made friends with were aware of the recurring charges either, not for the meal plan OR the dorm.</p>
<p>It should have been assumed, I know. But the thought had not crossed my mind that the significant restrictions and general inconveniences of living in the dorms and having a meal plan would actually cost MORE than renting my own house and buying my own food. That is very bold of OU to so obviously rip people off, yet there are plenty of students who still have no idea just to what extent they are being screwed out of money. I have friends who give me their unused “meal exchanges” every week, which are worth $7 at any on-campus restaurant, which my friends are paying ~$10 a piece for, and which don’t roll over at the end of the week!!! It’s infuriating.</p>