College Students who are on Loans!!!

[Qckrun 10+ year member]

Hey guys, I have a question for all the people who are on College loans for school. How do you guys get extra money left over from your loans? I currently have a loan that pays for 17units, about 1400$ and I still have to pay like 120$ each semster. So my question is, what kind of loans do you guys get on, to where you guys have like extra cash left over? Ive heard of people having a couple thousand dollars left over from there loans and they just it for whatever. So what is the catch/how do i get in on this lol.

What type of loan do you have? Is it from a bank or from your school?

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[tommyk90 5,000+ posts]

Well, my loans pay for a fraction of what my tuition is, so i really can't help you there.

But i highly doubt the government is just gonna hand over the extra money to you. My loans are sent directly to the school, so i don't even have any contact with my loan money.

 

[Qckrun 10+ year member]

Well, my loans pay for a fraction of what my tuition is, so i really can't help you there.
But i highly doubt the government is just gonna hand over the extra money to you. My loans are sent directly to the school, so i don't even have any contact with my loan money.

Ya same here, but I've heard people talk about how there going to use there extra loan money for audio or car stuff. Im just wondering how there able to do this, as the only loan im accustomed to is the government loans. I am wondering if it is a bank loan, because thats the only feasible way i can see you having extra money, but I dunno... trying to see what other peoples loan packages look like.

Luckly for me, staying at home, I only pay for books and the extra of class every year, although I do have to resumbit my loan package soon i believe.

 

[swimfreak26 10+ year member]

I have loans through a bank, well they're PLUS loans but I'm responsible because my parents won't pay for school. Either way though, I get $4000 a semester in those (plus my stafford loans) and that pays for about 18 credit hours, so if I take less than that, I get money back. So for me it depends on how many classes I take, I have a set loan amount.

 

[Qckrun 10+ year member]

I have loans through a bank, well they're PLUS loans but I'm responsible because my parents won't pay for school. Either way though, I get $4000 a semester in those (plus my stafford loans) and that pays for about 18 credit hours, so if I take less than that, I get money back. So for me it depends on how many classes I take, I have a set loan amount.

What are Stafford loans? Maybe I may look into the bank loans... but thats something else I may have to explore too. Right now my loan for school is through FAFSA, so I doubt I'll be lookin at any money lol.

You obviously have to pay those bank loans back, but what is the interest rate, etc on them? Also what bank did u go through?

 

[jtomsic 5,000+ posts]

you get money if you drop a class and dont have to pay for that class any longer or u can give the money back to them and not have to pay the interest on it..thats what my sister did.

 

[alove_85 10+ year member]

well I think this is hor it worked out for me.....after financial aid from filling out the fafsa, my total cost for this semester was $46 //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

than I just signed up for some staffard loans and get $1500 a semester for living expenses. I got the papers right from the school. So maybe you just check it out with them.

 

[Radar 10+ year member]

Right now im on unsubsidized stafford loans. They only pay for about half of my semster though. At my school its pretty easy to get cash back from loans though.Whatever you take out for the semester goes into your student account(which usually has a negative balance from paying off classes)Just take out more then you need, and whatever is left over you get back from the revenue dept.