Well my FAFSA is almost dried up. Any good options for loans?

I knew this was going to happen sooner or later. I’m getting into the realm of loans now due to my FAFSA running out.

I mean I’m already locked into a car loan and might as well make some educational loans as well, that will show on the record of good payment history :slight_smile:

Any good options for loans

Thanks :slight_smile:

For the record: He is an almost 30 year old father whose mother of his child is a dentist.


What do you mean your “FAFSA ran out?” Financial aid is applied for and awarded on an annual basis. FAFSA is a form that you fill out, not a type of aid. So what exactly “ran out?”

Did you complete the FAFSA for 2022-23 school year?

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I pretty sure @napnemeanix means that he has exhausted his Pell money….which was something many many of us warned him was going to happen.


It’s also possible OP is no longer eligible for federal aid due to not meeting his school’s Satisfactory Academic Progress policy. There is a time-to-degree requirement in SAP policies, per federal regulations. Once the limit is reached, aid (including federal loans) stops.

If you plan to borrow private loans to complete your degree, you’ll need to do research online. Some schools have a preferred lender list, which might be a place to start.

If you are going to borrow private loans, it’s important to borrow as little as possible. I encourage you to meet with an academic advisor to create a plan that will get you to your degree with as few classes as possible. Fewer classes means lower tuition.


That doesn’t mean I’m going to throw money away. Or Mooch off my other people, I work for the money, other people gave me :slight_smile:

I’d rather make a loan and pay it off monthly instead of blowing it all away in one time, I’m extremely good with money management.

It can show on the record or system or profile that I made good payment history.

How about being positive instead of having bad taste on the tongue.

I know in the past threads I was angry and cranky but that’s all over, after trying out some clinical rotations, I kind of felt happy now :slight_smile:

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Sorry correction my Pell eligibility is almost up.

Correction I already knew I would make it to this realm wayyyyyy bacckkkk when I was in the process of getting my GED.

I’ve pre-planned everything from day 1, I wasn’t just partying and enjoying life, pre-planning into the future :slight_smile:

That’s awesome! I’m so happy for you!!!

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Don’t have eligibility for that year 22-23

You don’t even have any Direct Loan eligibility left?

I’m still thinking of what loans to pursue maybe a subsidized loan or personal.

Last time we reviewed this you said you weren’t worried at all about money because you had friends ready to bankroll you.

What’s happened to the friends?


If you are still eligible for a Direct Loan, you will need to complete the FAFSA. That’s how you get that loan. Direct Loans are the only subsidized loans. And there is a limit to the amount subsidized. Your whole Direct Loan won’t be subsidized.

Also, you are at a four year university now. When you complete that FAFSA, if you have a very low income or a $0 EFC, you could face verification. The college will rightfully want to know how you are paying your living expenses with no income.

Nap, did you ever decide on a major? Are you currently at a 4 yr institution? How did this past semester go?

You’ve now exhausted all 12 terms of Pell Grant, without obtaining a 4 year degree. I’m assuming that you are eligible for a federal loan of $7500/yr for the next year, possibly two, considering that you are at junior at the 4 yr institution that I assume you’ve transferred to. Private loans would be more expensive than the federal loans. Perhaps your best option would be to work part time and go to school part time, using the federal loan, until you’ve maxed that out.

I would suggest that you make an appointment with the financial aid office at the 4 yr institution which you are attending, and ask them for help figuring out options. You should seriously consider how you’re going to obtain a marketable degree or skill with your future schooling, so that you won’t have to default on the loans.


How will you pay the loan off monthy? Are you working?

Yes lol I work and will pay monthly.

This poster has stated that he/she does not live with parents and owns his/her own home. Might have to put up the house as collateral for a loan.


As a junior, you are eligible for a federal loan of $12,500/year. Up to $5500 of that may be subsidized (depending on financial need & other aid).


You are correct! I didn’t know that there was a higher limit for independent students, as long as they are not being claimed as a dependent on anyone else’s tax return.