I don’t see any way that NYU is happening, Montclair might be the best option, is it commutable?
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I know how much you are trying to help your sibling…but in my opinion, the best help would be to help him find something affordable. NYU is not going to be.
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OP- we aren’t being hostile and apologies if you think we are.
But most of us have more recent experience with various loan programs than you do. It’s FANTASTIC that loans made your professional life possible- that indeed is what the programs are intended to do.
But currently-- your numbers are off. And therefore, the gap you think needs filling is significantly larger than the gap you think you need to fill.
I was on the board of a foundation which provided last dollar funding to students in our community who needed to fill a gap. The amounts were modest however- a thousand dollars for lab fees plus books; $800 for a laptop and activities fees. But it’s worth googling “Education scholarships” with the name of your brother’s town just to see if there are community groups funding in your area. These grants tend to be hyper local… your brother’s guidance counselor may know of a few.
Good luck.
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Worth checking because every penny counts. But usually (as noted) these are smaller numbers, and most are not renewable for subsequent years.
Thumper, thanks for pointing out the non-renewability.
OP- part of the strategy of these local scholarships is that a graduating senior isn’t yet qualified for a summer job paying more than minimum wage (or the prevailing wage in your area). So we tried to get kids over the hump on their “self-help” component of their financial aid package.
By summer after freshman year, most kids can earn more… and so the scholarships were not renewable. It was a “last dollar, last resort” strategy, not intended to be baked in to the student’s funding package for subsequent years. And a kid who has been working 10 hours a week during the semester has that to contribute to expenses as well.
This is not uncommon.
@kelsmom are Parent Plus loans eligible for income based repayment?
From the Federal Student Aid website:
Loan Repayment Plans
Parent PLUS borrowers are eligible for the following repayment plans:
Note: Parent borrowers can become eligible for an additional repayment plan—the Income-Contingent Repayment Plan—by consolidating their parent PLUS loans into a Direct Consolidation Loan.
Kelsmom again: Grad Plus loans are eligible for SAVE plan, but Parent Plus loans are not.
And no, students who are in an undergraduate program cannot borrow parent or grad Plus loans. Students gain some additional eligibility for unsubsidized student loans if the parent is denied a Plus … but the loan is not a Parent Plus loan, and it would not be in an amount as high as $20,000. There must be some misunderstanding here.
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