Where do we get loans ? I see that Obama signed a new bill allowing students to borrow directly from the government, but I don't know how this works or how any other loans work.
I don't want to cosign because I'd never be able to pay $85,000. Can my son get these loans on his own? His father has no assets, so would he be allowed to cosign?
I'm really confused. Someone mentions Stafford, Perkins and Plus loans. The last one the parent takes out and the first two are taken out by the student. Can a student take out enough money to cover all expenses? Are Stafford and Perkins government loans? Are they need based? Are there any loans where you can just say that you need $22,000 per year? Or, do they all tell you how much you need?
I don't want to cosign because I'd never be able to pay $85,000. Can my son get these loans on his own? His father has no assets, so would he be allowed to cosign?
I'm really confused. Someone mentions Stafford, Perkins and Plus loans. The last one the parent takes out and the first two are taken out by the student. Can a student take out enough money to cover all expenses? Are Stafford and Perkins government loans? Are they need based? Are there any loans where you can just say that you need $22,000 per year? Or, do they all tell you how much you need?