I need an alternative to Private and Federal Loans
My school will only allow funding from private sources, it will not accept Federal Aid. Though my credit is not worthy as of yet, and so I can not get Private loans. What are my other options. My deadline is in 3 weeks.
As the cost of college rises rapidly, and federal loan limits fail to keep pace, the private loan business has grown quickly. In theory, these loans are used to fill the gap between available federal aid, and what students and families can afford to pay out-of-pocket for college costs. In practice, unfortunately, many borrowers take out these higher cost loans without first exhausting their federal student assistance options. These private loans lack the more affordable, fixed rates, and flexible repayment options that federal loans have. Prospective borrowers should exhaust all federal grant and loan options (including PLUS loans) before considering a private student loan.