Ok so basically I have been accepted to a school in Japan. It is an American University so the Pell Grant still applies to that school. I have an EFC score of 0 so I get awarded the full amount plus the Federal stafford loan. Anyways my problem is this. The tuition is cheap at the school as well as the dorms, but the Japanese Government wants the students to have proof of 3 million yen, which is roughly 30,000 so that we may prove that we can take care of ourselves to get awarded the student visa. We can use the money that we get awarded from financial aid to be apart of this "proof". That being said, I still need another 17 Grand. I have applied for many many many many scholarships. Those are extremely competitive so I am not betting on getting any. I have looked for study abroad grants but none of those apply to me for many different reasons. My question is about applying for a loan. Of course since I am a young student with hardly any credit I cannot qualify for a loan. Unfortunately my parents credit is shot as well. My question, does anybody know of a loan that I can apply for and get awarded a high amount with a low interest rate! Thank you!
Higher Education (University +) - 1 Answers
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Call the school's financial aid office and tell them your situation. They may review your financial aid and give you more money. If not, then you'll have to apply for an unsubsidized private student loan. You shouldn't need credit for these loans since they're made specifically for students, but be careful in how much you take out. Interest is not put on hold like a subsidized stafford loan, so the money will increase throughout college.
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