Hi everyone, I just got accepted into a 4 year university from a 2 year community college. I filled out my fafsa and have been awarded my financial aid. I received a state need grant and a federal direct subsidized staffor loan of 2850 for the school year. I want to get a loan of about $25,000 but I am not planning on using it for educational purposes. What are my options besides private loans? Can I get more federal student loans? I would need the entire sum of the loan right away.

How about going to a bank and borrowing the $25k like other people? Technically what you are talking about it called fraud.

Are all student loans distributed in portions? Or only federal student loans? I would go to the bank but I want to be able to start paying after I graduate or when I graduate... not right away.

technically you could be eligible for more federal student loans, however none will get you anywhere near $25,000. further, you have to meet certain elgibility requirements with regard to dependency status and coa.

if you are looking for $25k, I would suggest opening a line of credit through your bank -- because a private loan, with a likely hight rate, is your only other option, and again they will take into account other financial aid and coa.

Ok, so I guess the only other options I have is to take out a credit line from the bank or a private loan from somewhere like astrive, or studentloans or some other company. Can anyone suggest a company that they have had good experiences with or know for a fact they have lower rates? It would save me the time of applying to numerous different companies! THANKS!

Bump!???? Anyone?

Your interest rate will completely depend on your credit and if you have a cosigner.

Read thru the forum. There are some good posts and opinions of private lenders.

Borrow wisely and as little as possible. Read some of the nightmares.