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My 21 year old son is going to Community College. He is ...
Sent to Legal Experts April 04 10:50 PM

My 21 year old son is going to Community College. He is not working and living at home. I am a single mother on disability and, therefore, cannot really contribute to his tuition, expenses, etc. We applied for financial aid--from FASFA--and just received a notice that he will receive $4,310 yearly. It was also noted that the cost of education will be $9,000 yearly. Would he be eligible for a student loan? What is the maximum he would be able to get? Would I have to sign or be responsible, given that he is 21? Can he get a loan that is not payable until he finishes his education? How does this work?

 

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Brooklyn, New York

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April 4 11:04 PM (13 minutes and 39 seconds later)
         
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Getting a student loan is generally up to the lender. They can more or less set the terms as they see fit, so that they get repaid.

They might ask you to be responsible despite his age. Normally student loans are to be repaid after the education is complete, but you have to look at the terms of the contract to be sure. Be aware that student loans are not dischargeable in bankruptcy, so if he (or you if you were to co-sign) got such a loan and couldn't pay it back, bankruptcy wouldn't be an option.

I suggest that you look around (online and elsewhere) to see what student loans are available for him. It might help to qualify for a loan if he were to obtain a part-time job so as to pay at least part of the costs of his education.

Another thought: you might talk to a military recruiter to see what help the army, navy, etc. might be able to give him.




Please be aware that I may not be licensed to practice law in your jurisdiction, and therefore am not giving you "legal advice". You understand that an attorney/client relationship is not to be established.
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