- Im a single mom
- Im going for my masters
- Im currently working as a teacher
- I have been denied by my bank (PNC Bank)
Answers:
You won't be able to get a private student loan because you need good credit or a cosigner with good credit.
But you do have options. Your best option is to get a federal government student loan. Here are the steps you need to take to get one:
1) Fill out the FAFSA. This will determine if you are eligible for financial aid. Go here:
http://www.fafsa.ed.gov/
2) Once you are eligible for aid, choose a government-based student loan. The best loan to get is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it. For more info go here:
http://www.studentfinancedomain.com/stud...
3) The next best loan to get is a Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan. Learn more here:
http://www.studentfinancedomain.com/stud...
4) You can also try to get a grant or scholarship, which is free money that you won't have to pay back. Here are some sites specifically for single moms:
http://www.singlemom.com/resources/finan...
http://www.singlemotherresources.com/...
http://en.allexperts.com/q/single-parent...
http://oedb.org/scholarship/single-mothe...
http://ezinearticles.com/?how-to-find-st...
And here are general sites:
http://www.fedmoney.org/
http://apps.collegeboard.com/cbsearch_ss...
http://www.freegovmoney.net/
http://www.educationplanner.com/educatio...
http://www.studentawards.com/
http://www.college-scholarships.com/...
Good luck!
There are many student loan lenders.Before you go for one check the rate of interest and also see that the lender is a legitimate one.
Don't pay any money to get the laon. You can also try for some scholarship online.
To know more you can visit
http://www.easystudentloan.blogspot.com...
and
http://www.scholarshipgrants.blogspot.co...
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