I have a question about Student Loans?
Hi, My brother intends on moving from oklahoma to Arlington Texas, and planned on attending a community college. 1.) Will he be able to obtain a student loan if he only intends on going to school with no job and payinf them back later after he graduates? 2.) Can you spend student loans on rent and cars? He needs transportation and a place to stay ofc. 3.) If he qualifies for a pell grant, is he capable of using that at the same time WITH a student loan?
Asked By: Just another confused latina =( - 1/4/2013
Best Answer - Chosen by Asker
1. Yes, he can receive a limited amount of federal student loans with no credit history and no income, and the payments can be postponed until after graduation. A first year dependent student can borrow up to $5,500 and an independent can borrow up to $9,500. (Private student loans are based on credit, so with no... More
Answered By: nancy - 1/4/2013
Additional Answers (2)
1.) Your brother would be able to obtain a student loan so long that he is in a degree seeking program at the community college. If he is considered an unclassified student, he will not be eligible for student loans. The Stafford Loans that are offered would be student loans under his own name and each has a... More
Answered By: Troy - 1/4/2013
see what Nancy said & add ---- is your brother prepared to pay out of state tuition to the school in Arlington, TX?
Answered By: Achelios - 1/4/2013
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