Second loan for last year?

Paying for College
1

<p>The government has canceled two of my scholarships this year due to the financial crisis. I only need to get through one more year of school. However, I don’t believe that I can pay for it with just the one loan and scholarship I have. I’ve calculated my tuition and rent, and I’m still short with the money I’m getting now. This isn’t even beginning to factor in food and other needs.</p>

<p>I’m wondering if it is possible to take out a second loan. My parents are also willing to take out a parent loan to help me. Is it even possible? And how would I do it?</p>

2

<p>Definitely…there are Parent Plus Loans (federal), private student loans, etc. Lots of choices if you have a decent cosigner (or a good credit history of your own). Just google or look for links on your school’s website for Parent Plus info.</p>

3

<p>Yes you should go for Parent Plus Loans.</p>