If my SLCC tuition scholarship, Pell Grant, and Stafford loan does not provide enough financing to meet my educational needs, what else is available?
You may want to consider a Parent PLUS Loan (parents of undergraduate students only). The parent must apply and be approved; if the parent is not approved due to a faulty credit rating, the student may be able to receive an additional $4,000 a year in unsubsidized Stafford Loan. Proof of denial must be received by the Financial Aid Office. If your parent does not wish to apply for a PLUS loan, you might want consider an Alternative (private) educational loan. More information about PLUS and alternative loans are on the SLCC Loan Request Form. An alternative loan should be a loan of last resort, since terms and conditions are not as favorable as for the Federal Stafford and PLUS loans.
Related Questions
- Can I use all my Federal Direct Stafford Loan eligibility to pay my fall semester tuition and not worry about applying for a private loan until spring?
- May I use the federal Stafford Loan Program for educational expenses other than just the bill for the direct charges of tuition, fee, room, and board?
- If my SLCC tuition scholarship, Pell Grant, and Stafford loan does not provide enough financing to meet my educational needs, what else is available?