19 Jun, 2021 01:02 PM

School Loan/ Financial Aid Problems?

Hello everyone, my parents have graciously saved up money to pay for my college education and have covered everything and I'm in my final semester where I need to do an internship but it costs more than we thought for tuition and my funding has run out. How do I acquire a school loan or scholarship as an independent? am I able to apply as an independent because I myself am dirt poor? It would be about I need about 6,000 dollars to cover it. Let me know for any advice on what steps I would need to take. Thank you!

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AL
19 Jun, 2021 01:02 PM

You can get federal loans by filling out the FAFSA. http://www.fafsa.ed.gov You are probably not actually "independent" for financial aid purposes. But, this just means that you have to list your parents' income information on the FAFSA. Even if your parents make too much money to qualify for grant money you can still get a student loan. If you are a 4th year student then you can borrow up to $7500 for the year. But, since it's just for one semester you'll only be able to get half. Your parents can take out a Parent PLUS loan for you if you need more than that.