Before things started to settle down for me, financially, I was seriously considering applying for a student loan to use towards college. The problem is that while I would only need to borrow around $7,000 I wouldn’t have anyone to co-sign the loan considering my off-the-books income and I no longer live anywhere near my father. I don’t think you can get away with cosigning a loan with someone who’s 5 hours away.
I know a few people who have actually gone through with the student loan process now they’re working on student loan consolidation programs because they’re bogged down with payments and fees that were just thrown on at the end of the agreement in very small print. After a studen graduates they’re often faced with the financial burden of dealing with student loan payments. If you miss even one payment it can seriously harm your credit. Consolidating student loans can be beneficial to students’ credit rating, but it’s important to note that not all federal student loan consolidation companies report their loans to all credit bureaus.
In the end, it’s not hard to come up with $7,000 and I wouldn’t be putting my credit at risk in order to do it. It would take me maybe 2 months at the rate that business is coming in these days. It’d be much easier to take the non-loan route for me.
If you have need a student loan or you have student loans and you want to consolidate them check out his website http://www.mytuition.com The company has a great team and the site should be very helpful.