Thank you for everything that you do, especially helping with scholarships and applications. Our daughter is at Bergenfield HS, Bergenfield NJ Class of 2022.
Hi Ed, thanks for helping us (parents) learn how to funds for our kids college. Could you make a video on how to widthdraw assets to fund for college from 529 and other savings. Secondly would it be a good idea to take out a susidized loan even if you don't need it and use that first and keep a portion of 529 invested. Thridly how would this strategy impact a parent when is filing fafsa on the second year of college to lower their EFC.
If both parents are denied the parent plus loan, are you only awarded a singular amount of unsub loans or are you awarded unsub loans for both parent’s denial?? Thanks for your time!
My friends grad student loan was declined bc bad credit which was induced bc they didn’t get their loan on time…. They have one semester left but seems like they’re getting screwed over. What should they do?
How can the student get a State or Private loan if they do not have a line of credit? My daughter is only 17 yrs old, Class of 2023 at High Tech High School, Secaucus NJ.
I know this is an old vid.. but how do I know how much money gets used and how much is left over.... I'm guessing financial aid office can answer? How will the funds be distributed or reimbursed?..
Hello, I was recently denied by 2 private loans and I wanted to purse another bachelors and my advisor told me it’s probably because I already have a bachelors in something else. But my credit recently dropped and I feel like this may be the reason why from reading your comments. Should I work on raising my credit score before applying again, I’m not too far off the minimum.
What if I am going to grad school and I can't get parent loan bc of parents immigration status, I can't receive private loans bc of my bad credit & I don't have any more loans left because I had to max out my sub and unsub loans during undergraduate (bc of me not being ale to get the PLUS and Privates)
As long as you have around a 620 credit score you should be ok. If it's does deny you, you can also appeal it. Thank you for watching and commenting we are using the videos to create scholarships so the more you watch the more it helps.
Hi Nicole, I usually go with Grad Plus but if the private lenders have better rates I'd go private. I do have this video up now czcams.com/video/LY6663wfpCY/video.html If you want to check the best rate private loan options
I'm completely independent, my nice parents kicked me out of the house and have me legally evicted. So "Parent PLUS Loan" is out from the question, also don't have any guardians. I have terrible credit history around 400. So since I have no roof under my head, I need to find campus/off-campus housing. I'll be short by $6K - $15K to pay for housing after getting federal loans, is it possible I can do a financial aid appeal to get more federal loan to cover $6K - $15K? Thanks.
Hello Ed, Thank you very much for your video, does it matter if one parent has lower score (denied) but the higher income. Can the other parent with the higher score and lower income be the co-signer, btw, we are married. Thanks for your response.
My parents and I got denied for a co-sign loan for a PA state grant and Private loan which was sallie Mae. What is the usual accepted credit score for parent plus loans?
I was denied parent plus loan- my daughter will be a freshman and owes 8,000. Will an in subsidized federal direct loan automatically happen? I plan on making appt with financial aid office asap.
Call the financial aid office let them know you were denied (They see it in 24 hours but better to contact them). This way you can see what your new balance will be. She should be able to get $4,000 in unsub
Thank you for everything that you do, especially helping with scholarships and applications. Our daughter is at Bergenfield HS, Bergenfield NJ Class of 2022.
Thank you for watching and helping the scholarship fund. Your school has been counted.
If you say the links in the description 1 more time I’m reporting you
Thanks Ed for all the great info. Morris County School of Technology class of 2022
Thank you for watching your high school has been counted.
Hi Ed, thanks for helping us (parents) learn how to funds for our kids college. Could you make a video on how to widthdraw assets to fund for college from 529 and other savings. Secondly would it be a good idea to take out a susidized loan even if you don't need it and use that first and keep a portion of 529 invested. Thridly how would this strategy impact a parent when is filing fafsa on the second year of college to lower their EFC.
This was so helpful! Thank you!
If both parents are denied the parent plus loan, are you only awarded a singular amount of unsub loans or are you awarded unsub loans for both parent’s denial?? Thanks for your time!
My friends grad student loan was declined bc bad credit which was induced bc they didn’t get their loan on time…. They have one semester left but seems like they’re getting screwed over. What should they do?
What to do when you are denied a student loan for being on unemployment during the pandemic? there's no way around it. Any advice?
Do you mean private or federal loan?
@@edzamoracollegeprepchannel3820 private
I’m going through this right now with a 724 credit score
How can the student get a State or Private loan if they do not have a line of credit? My daughter is only 17 yrs old, Class of 2023 at High Tech High School, Secaucus NJ.
I know this is an old vid.. but how do I know how much money gets used and how much is left over.... I'm guessing financial aid office can answer? How will the funds be distributed or reimbursed?..
Hello, I was recently denied by 2 private loans and I wanted to purse another bachelors and my advisor told me it’s probably because I already have a bachelors in something else. But my credit recently dropped and I feel like this may be the reason why from reading your comments. Should I work on raising my credit score before applying again, I’m not too far off the minimum.
I would try for federal direct loans or state loans in place of the private loans. Which lenders have you tried?
Why can't I select the award year 2021-2022
Do you mean for loans? Or for Fafsa?
What if I am going to grad school and I can't get parent loan bc of parents immigration status, I can't receive private loans bc of my bad credit & I don't have any more loans left because I had to max out my sub and unsub loans during undergraduate (bc of me not being ale to get the PLUS and Privates)
Hi. In the same boat. Did you find an answer to this?
We are planning to apply for Parent Plus Loan, but we have $4,000 charged off on our credit history. Will we be qualify to apply the loan?
As long as you have around a 620 credit score you should be ok. If it's does deny you, you can also appeal it. Thank you for watching and commenting we are using the videos to create scholarships so the more you watch the more it helps.
Do you have any advice for grad school loans? Do you suggest private over the plus loan in that case ? Thank you
Hi Nicole, I usually go with Grad Plus but if the private lenders have better rates I'd go private. I do have this video up now czcams.com/video/LY6663wfpCY/video.html
If you want to check the best rate private loan options
I'm completely independent, my nice parents kicked me out of the house and have me legally evicted. So "Parent PLUS Loan" is out from the question, also don't have any guardians. I have terrible credit history around 400. So since I have no roof under my head, I need to find campus/off-campus housing. I'll be short by $6K - $15K to pay for housing after getting federal loans, is it possible I can do a financial aid appeal to get more federal loan to cover $6K - $15K? Thanks.
what did you end up doing
Gréât info.
Hello Ed, Thank you very much for your video, does it matter if one parent has lower score (denied) but the higher income. Can the other parent with the higher score and lower income be the co-signer, btw, we are married. Thanks for your response.
Use the parent with the higher score
@@edzamoracollegeprepchannel3820 Thank you so much for your help and videos!
My parents and I got denied for a co-sign loan for a PA state grant and Private loan which was sallie Mae. What is the usual accepted credit score for parent plus loans?
I have seen people get the Parent Plus with 620-630 scores
I was denied parent plus loan- my daughter will be a freshman and owes 8,000. Will an in subsidized federal direct loan automatically happen? I plan on making appt with financial aid office asap.
Call the financial aid office let them know you were denied (They see it in 24 hours but better to contact them). This way you can see what your new balance will be. She should be able to get $4,000 in unsub
Do you know anything about extenuating circumstances letter? I’m at the beginning of the video.
For an apply for the loan or for a financial aid appeal?
@@edzamoracollegeprepchannel3820 for the parent plus’s loan.
@@angelinalashay375 You can appeal a denied Plus loan and it's done through a person.
I’m applying for med school at 50 if I need a co-signer for a plus loan could I use my wife ?
If you mean grad school you can apply for grad plus loans with no cosigner needed.
Is it only the Parent Plus loan that you are eligible for the extra $5000. If you are denied the the Plus loan are you eligible for the extra $5000
Yes Just the Plus loan for an extra $4,000 to $5,000