<p>Right now I barely got any money from stafford/perkins loans where I would only have to start paying back until after I’m done with college. I did receive some scholarship from the schools and I am happy for that, but it just still isn’t helping enough due to my families financial state. My parents as of right now can not afford to take out the loans and start paying for it right now. If attempted, we would have to sell the house and a bunch of bad options like that.</p>
<p>Does anyone know anything about the child claiming independance for applying for loans. I hear that it might lead to more money and loans and the better option of me not having to start paying until I am done with school. I know that my parents might have to be a co-signer of the loan.</p>
<p>If anyone has any knowledge of this, your help would be MUCH appreciated. Thanks.</p>
<p>Independent status really has nothing to do with applying for more student loans. I recommend you contact SalliMae, Nelnet, or a local bank about further student loans. They will require a credit-worthy cosigner. These loans do not require payment while in school. They are credit based and interest rates will flucuate based upon the cosigners credit rating.</p>
<p>Be careful however, it may be more appropriate to look at less expensive schools or 1 or 2 years at a CC.</p>
<p>Also look up Campus Door. That’s who I go through and you don’t start to repay the loan until 12 months AFTER you graduate, whether you are dependant or independant.</p>
<p><a href=“https://www.campusdoor.com/index.jhtml;$sessionid$ENY0EPQAAAGA5LAQAQ4SFEQ”>https://www.campusdoor.com/index.jhtml;$sessionid$ENY0EPQAAAGA5LAQAQ4SFEQ</a></p>
<p>Thomas,</p>
<p>the difference is that you are an independent student (due to your age)whereas OP is most likely 17/18 years old (no credit history or assets) and will not be able to get these kind of loans w/o his parents as co-signers.</p>