Everything For A Sudents Needs
So I'm returning to college this semester but I'm thinking about taking out a student loan. The only thing is I already have financial aid. Will I be able to take out a loan and how much would I be able to borrow?
I am a college sophomore attending a state school but even so I have already accumulated thousands in student loan debt. I worked 60+ hours a week last summer and that money won't even last to cover half this year's rent and utilities! I am trying to cut back spending but really all I buy are groceries and the occasional movie ticket. I don't even have any transportation costs because the bus is free for students.
I have been unable to find part-time work that fits around my schedule because I need to take a lot of credits or I'm not going to graduate in time which would mean taking out even more loans. I applied for every scholarship I could get a hold of but didn't get a penny, and my financial aid is absolutely pathetic because my family is in that awful limbo where their tax returns show too much income to get decent aid but too little to actually contribute anything. I am 19 years old, and I am scared out of my mind that I am digging a hole I'm never going to get out of.
HELP!!
This year (freshman) all of my tuition is getting payed by government financial aid. However, I need money for other things like housing and credit cards. Will a student loan affect next year's financial aid even if all of the money were spent? What kind of student loan would be better to get, private or federal?