My son has received some scholarships, grants and federal financial aid, but still has a balance of about $8,000.00 for college. Is there anything else available besides a personal loan for us to take advantage of?|||You and he have several options.
Many students will work part time while going to college. He also should work during the summers and during winter and spring break (I would recommend he work full time) and save his money to pay for this 8K shortfall in his fin aid package.
You have the opportunity to take out a federal parent PLUS loan. You do this through the schools fin aid office and the money is sent directly to the school to pay his outstanding balance. Sometimes there is additional leftover money, this will be sent to you (not him) as it is your loan to repay. PLUS loan payments begin within 90 days of the money being sent to the school and are put on a 10 year payment plan.|||You can try fafsa or fastweb to find more grants. If that wont work u may how to get a loan. Here's a site that gives out different types of loans. www.wjoya17.com the site help u find the loans u need fast. Best of luck.|||Cathy, have your son try to apply to less competitive scholarship? Some friends of mine in college told me that they have valuable information regarding scholarships from this place.
Good luck
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