Question about student loans.......

[ctyler98]

I was thinking about getting a student loan to help out with daycare and etc this summer while I'm in classes...well I went to talk to the financial aid advisor and she informd me that they do not participate in the student loan program and while I'm attending that school I can't get any type of educational loan unless it's a reg conventional loan (with high interest)..whats up with that????? I am going to a community college, I even checked the fannie mae website and all of the other community colleges around here are on there except for mine...Does anyone elses school do this?????? I don't think thats fair!!!

[memphispanda, RN]

The community college here doesn't participate in federal loan programs. They do pell grants and scholarships though. I can't imagine having to pay up front or take regular loans out. Maybe you can go to your bank and see if they do student loans?

[bigwavedave]

You might try checking with some banks in the area regarding school loans. A buddy of mine took out a student loan (not related to Stafford or any of those usual student loan programs) through Bank of America. I am almost certain they gave him a lower than normal rate, I do not know about whether he is able to put off payments until after graduation. That is a nice thing about Federal Subsidized Stafford loan that I had to take out, I pay nothing until 6 months after I graduate, and until then Uncle Sam pays interest so it does not accrue while I am not paying on the principal of the loan. I am pretty sure B of A has a pretty big presence in NC, I use to work for them here in TX and if I remember correctly their headquarters are in NC. I hope this helps.