I wasn’t accepted for any federal grants when attending college as I was still living at home and my parents income isn’t low. Here’s the issue, my parents where not going to help pay for college, so everything went onto a loan. Now that I graduated, moved out, and have a kid I’m still stuck with $10,000 in loans. Are their any grants or programs that will help with this? Is the pell grant I couldn’t get before available for after you graduate to use on loans?
Once you’ve graduated, you’re stuck with the bill. Grants are not retro-active since, when you took the credits, you were living at home that’s the basis for that loan amount. Also, since you’ve graduated you’re not even eligible for grants period. I know this because I went back to get certified to teach and once you have an undergrad degree, you’re not eligible for any grants period (that’s according to the financial aid department at my college).
It’s a shame that your parents aren’t willing to help you out, but the government just says, basically, that’s the family’s problem not theirs.
What you can do if you haven’t already is: consider consolidating your loans. When you do that you can extend your repayment plan so that you have a longer period to repay the loans and smaller monthly payments. Overall you end up paying more, but it means you’ll have more money month to month to help pay for raising your child.
August 6th, 2009 at 7:27 pm
Once you’ve graduated, you’re stuck with the bill. Grants are not retro-active since, when you took the credits, you were living at home that’s the basis for that loan amount. Also, since you’ve graduated you’re not even eligible for grants period. I know this because I went back to get certified to teach and once you have an undergrad degree, you’re not eligible for any grants period (that’s according to the financial aid department at my college).
It’s a shame that your parents aren’t willing to help you out, but the government just says, basically, that’s the family’s problem not theirs.
What you can do if you haven’t already is: consider consolidating your loans. When you do that you can extend your repayment plan so that you have a longer period to repay the loans and smaller monthly payments. Overall you end up paying more, but it means you’ll have more money month to month to help pay for raising your child.
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