College Financial Aid Info/bad credit student loans

Advertisement

Expert: Rodney Thomas - 8/16/2006


Question
Mr. Thomas,
 I am a 24 year old single mother going back to schoolfull time at Henry Ford Community College. I have very poor credit. The only relative I have to cosign is my mother who also has poor credit. I am already recieving Direct Stafford loan, but I need money for a computer and some for living expenses since I won't be able to work as much.Are there any personal student loans that will take bad credit or and other grants i am eligable for.
           Thank you,
              Rebecca

Answer
Rebecca,
You should check with the schools financial aid office to see what lenders they work with for alternative student loans.  Students with bad credit may sill have some loans made available to them.

Besides loans, check into any possible work/study programs available at the school.  Also, you might want to contact your states Higher Education Agency to see what assistance programs (grants) they offer to students.

Regards,
Rodney Thomas
College Funding Awareness & Service Team, LLC

College Financial Aid Info

All Answers

Answers by Expert:

Ask Experts

Volunteer

Rodney Thomas

Expertise

I can answer any question in regards to the subject of college financial aid. I am well educated on the entire process families have to navigate when applying for financial aid, and the different programs that are available to them if they show a "need".

Experience

I am owner of College Funding Awareness & Service Team, LLC located in Bartlett, IL. We host free workshops for local families in order to educate them about the process they have to navigate when applying for need based financial aid. We also, for a fee, service families that request our help and guidance.

Organizations
National Association of College Funding Advisors

Publications
I have a monthly newsletter that I send to clients and businesses.

©2012 About.com, a part of The New York Times Company. All rights reserved.