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What can you do if you want to finish college but have reached your aggregate student loan limit have no co-signer and a poor credit history?
Wiki User
∙ 16y ago
You may need to make some hard choices. There might be a less expensive school you could attend, such as a state college or community college. You might need to take a leave of absence from school while you work full-time. You can take the time to try to earn some money, make a dent in your student loans, and build your credit rating. In a few circumstances you can make a career commitment for after you graduate in exchange for help with tuition. For example, ROTC programs may help students in certain majors. Medical students can sometimes get help in exchange for working in poverty-stricken areas after graduation. The same is sometimes true for teachers as well. There are always solutions but they are not always easy.
I am sure there are people who have done the same as you, having spent large amounts of money without obtaining the degree. Your loan payments can be deferred while you finish, but you will need to contact your lender to do this. You will need to downsize your lifestyle, work and probably attend school part time. As the writer above stated, looking to donate some time after graduating can have the benefit of having some of your costs absorbed. Definitely, start living on a cash on hand basis and do not charge anything more. If car payments exist, consider moving near public transportation and selling the car.
Wiki User
∙ 16y ago
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What to do if reached student loan limit and still have to pay for college?
If a student reaches their aggregate loan limit, they must pay down their loan first in order to be eligible for additional financial aid. Otherwise, the student will need to pay the remaining cost of school with cash out of pocket or take out a private loan.
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Aggregate supply is a measure of the total goods and services produced by an economy at various price levels, either in the short run or in the long run. Short run aggregate supply curve is assumed to be upward sloping. Higher prices for goods and services means more profit for suppliers, so they will produce more goods and services. Long run aggregate supply curve is assumed to be vertical. Short run aggregate supply curve is curved because prices can change. A change in the price level means a movement along the short run aggregate supply curve. An increase in costs results in a fall in aggregate supply because the output is less at every price level. A decrease in costs results in a rise in aggregate supply because the output is more at every price level. In the long run, the aggregate supply is assumed to be independent of price level. In other words, the economy is at the maximum output possible. Full employment level has been reached and real GDP has reached its maximum potential, so the long run aggregate supply curve must be drawn as vertical. Increases in the quality and number of factors of production will cause the productivity of the suppliers to increase, and the long run aggregate supply will shift right.
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If you have reached your aggregate student loan limit and have consolidated your loans can you take out more money from the government?
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