<p>I heard that colleges usually included gov’t subsidized student loan in their financial aid.
But my parents have bad credit. I worry if I cannot get any loan.
My family’s income is about 50k and has to pay for my sister’s tuition too (about $12000/yr)
so if I cannot get any loan, it would be impossible for me to go regular college.</p>
<p>Help me Please!!</p>
<p>You will be offered a combination of subsidized and unsubsidized federal loans totaling $5500 for freshman year, $6500 for soph year and $7500 for junior and senior years in your name. Your parent’s credit won’t matter for those loans.</p>
<p>
If you have financial need, you could get Federal student loans for your education. See [Subsidized</a> and Unsubsidized Loans | Federal Student Aid](<a href=“http://studentaid.ed.gov/types/loans/subsidized-unsubsidized]Subsidized”>http://studentaid.ed.gov/types/loans/subsidized-unsubsidized)</p>
<p>If your parents are denied a Parent Plus Loan you can qualify for a little more in federal loans.</p>
<p>I think the above responses may be a little confusing, so just to summarize: Federal student loans, both subsidized and unsubsidized, are in the student’s name, not the parents’, and nobody’s creditworthiness is taken into account–you are entitled to get them regardless, in the amounts listed in post #2. For additional funds, parents can apply for school loans in their names, called Parent Plus loans. But these do have creditworthiness requirements. If parents are refused a Parent Plus loan (sounds like that would be the case for you, but you won’t know until they apply), the amount of the federal student loan entitlement gets increased to $9500 for freshman year, $10,500 for sophomore year, and $12,500 for junior and senior years.</p>
<p>Hope that helped.</p>