TESC Living Expense Loans

[Derek]

Opinion stated, so if determined to go this route, have you looked into a traditional brick & mortar school with dorms? At 21, you should still be within the guidelines allowed, and they will already have everything related to room, board, and meal plans covered by financial aid without needing to seek additional outside loans. You can resolve the issue with needing living expenses covered, and get a quality education at the same time, for probably less (and lower interest rates) than you would with a private loan.

Understandable, however, I'd be stuck in school for 4 years. milelol:

Not only that, but I do not qualify for any sort of financial aid, so I'd get at most whatever the Stafford loans cover. My parents would still need to do my FAFSA, which would not get me any aid at all.

I know what I'm in for as far as private loans, but it's still my best bet vs. 4 years at a school accruing $25k/year+. Even though it's a private loan, I should still be able to pay it off in 5 years at most. Mind you, I'll have a part-time job until I can find a full time. But don't necessary want to have to rely on working to survive. In essence, this loan would be a life savior and would make my education experience more or a learning experience instead of juggling too many things.

With a cosigner on a private loan, I'll be able to obtain at MOST a 9% APR. which if I was able to scrounge up around 800/month to dedicate to it, I can have it paid off in 3 years. Which is actually less than what I current pay for bills. Although not the best decision credit wise to consolidate, it's much better than losing everything on top of losing my credit.

Anyone know if TESC would accept a loan that high with the overages being mailed to me?