When applying for a private student loan, do they take into consideration your living expenses?

I desperately need more money to pay for my rent, car payment, etc while going to college. I received the max of my two federal loans which paid for my tuition. I just applied for a private loan to help cover additional costs. Do private loan givers take that into consideration when giving out the loans? I REALLY need this money.

From personal experience, I was able to apply for a separate private loan to subsidize housing, food, and other expenses not covered by the other loans. I would go to the financial aid website for your state also to confirm infromation and available services that you might be able to use.

Did you consider doing any work/study type stuff to help otherwise? Getting stuck with lots and lots of loans can be daunting.

yes all loans look into your living expenses before they give out loans, i went to my accountant to help me fill out the loan application when i went to school so that i will get the loan and i dont know what he did because i had money in the bank and i had a house under my name but i also had a dependant so i did get the loan, you might want to do that

Okay, here's how it works at the school that I attend. Your cost of attendance is calculated - this number includes tuition, fees, housing cost averages, and they also factor in what it costs for transportation and educational expenses like books and a computer. This is all in theory of course, because the COA that your school comes up with is pennies on the dollar as far as what it costs to run a decent household. However, after your tuition bill is satisfied the school should cut you a check for the remainder.

For example: My yearly cost of attendance is around $12k. I get the full Pell, both versions of the Stafford, the supplemental grant and the Perkins. This totals up to be about $6k, give or take. Tuition and fees are a little over $2k and on the first day of class I get a check in my campus mailbox for around $4k. This is a refund check classified under cost of attendance for books, room and board, transportation and all that crap.

There are the kind of private loans that require school certification and there are some who don't. The ones who do are the most common. They'll ask your school for proof of attendance, a cost of attendance and how much financial aid you've already received. The loan company then subtracts your financial aid from your cost of attendance and then will come up with how much they will let you borrow based on that.

yeah babe. you get a LOT of money too

my cuz gets 2 g's a month

YOU SHOULD TRY TO LIVE MORE CHEAPLY AND TO STOP DEPENDING ON LOANS THEY ARE A BAD WAY TO GO BROKE WHEN THEY ARE DUE. OR JUST GET YOUR PARENTS OR A FRIEND TO BORROW YOU SOME MONEY ITS EASIER TO GIVE BACK THE MONEY.