I think this should be in IMHO and not MPSIS; mods please move it if I’m wrong.
My dear boyfriend has the good fortune of a full tuition ride in college courtesy of his professor mom’s tuition exchange program. However, that doesn’t cover his living expenses, which until now he’s funded with some support from his family and some from his life savings and part-time job. Expenses (law school applications among them) are coming to a head, his job shifted him to working all weekend long so he doesn’t have a day off, so he’d like to quit and take out a small loan so that he doesn’t have to work in his last semester (which is next semester). Preferably he’d like to take it out in the next week or two so he can have some breathing room sooner than later, but we’re unsure if he would have to wait until the semester break.
He has one, 1k loan from his mom’s bank, used to help fund his freshman dorm living. They did no research whatsoever; obviously he doesn’t want to do that again. He and I have tried wading through what’s out there but are completely clueless. Some loans have restrictions about what you can use them for; he would only be using it for textbooks, law school applications, and living expenses.
He has a sparse but good credit history, his mom’s is very good, and she’d be willing to co-sign it. So where do you go for a simple, mid-semester $5k student loan? Or a $5k loan for next semester?
Plus, Sallie Mae, studentloans.gov, FAFSA, private, Stafford?