Stafford and Perkins loan questions.?

A Federal Perkins loan is a low interest (5%) loan for undergraduate and graduate students with “exceptional” financial need. The U.S. Department of Education provides a programmed amount of funding to the school. In turn, the school determines which students have the greatest need. -The school combines federal funds with some of its own funds for loans to qualifying students.

Qualification requirements:

-Enrollment in an eligible school at least half-time in a degree program

-U.S. citizenship, permanent residency, or eligible non-citizen status

-Satisfactory academic progress

-No unresolved defaults or overpayments owed on Title IV education loans and grants

-Satisfaction of all Selective Service requirements

To apply for this loan program, you must submit the Free Application for Federal Student Aid (FAFSA).

If you have maxed out your federal loans, your other options are scholarships (you can apply year-round for many, and not just when you're a freshman) or private student loans. If you end up going the private student loan route, be conservative and borrow only what you will need, as you will have to pay it all back. Private student loans are not guaranteed by the gov, and therefore they are much higher risk to the lender. Because of this, the interest rate is typically variable and based on your credit history. Private loans are almost always more expensive than federal student loans.

Have you tried contacting Phoenix's Financial Aid office? They would be best prepared to help you find a way to pay for your computer and expenses.

They are both applied for through FAFSA. Had you qualified for a Perkins loan, you would have been offered it. Seek out private lenders for the rest of the money you need.

I do not have the experience with the private school but i hope you will find the required loan information here.