You ought to try and take out the loan if you can. Talk with the School’s financial department and ask them what your options are. They can help you decide which loan is best for you. Sounds like your Aunt has her hands full with the other one. Why isn’t her daughter paying off that loan? Her daughter shouldn’t be sticking her with the loan. If your Aunt is able to take one out for you, pay her back when you get your degree and start your career ok.

Yes she can take out another loan, but you should try to get your own loan. You can get a federal student loan even if you have bad credit, no credit, or no cosigner.

Here’s what you need to do:

1) Fill out the FAFSA. This will determine if you are eligible for financial aid. Go here:

http://www.fafsa.ed.gov/

2) Once you are eligible for aid, choose a government-based student loan. The best loan to get is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don’t need a cosigner or good credit for it. For more info go here:

http://www.studentfinancedomain.com/student_loans/perkins_student_loans.aspx

3) The next best loan to get is a Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan. Learn more here:

http://www.studentfinancedomain.com/student_loans/subsidized_stafford_loan.aspx

You can read more about the financial aid process here:

http://www.studentfinancedomain.com/financial_aid/financial_aid.aspx

Also, you can try to get a grant or scholarship, which are free money opportunities that you don’t have to pay back. Here are some good sites to check out:

FedMoney.org Home

http://apps.collegeboard.com/cbsearch_ss/welcome.jsp

http://www.freegovmoney.net/

http://www.educationplanner.com/education_planner/paying_article.asp?sponsor=2859&articleName=Grants_and_Scholarships

http://www.studentawards.com/

http://www.college-scholarships.com/

Good luck!

hi mary, yes, she probably can if her credit is good, but why should she? you can take out your own student loan, the rates are lower for the student and you don’t have to start repayment until 6 months after graduation. all you need is a student loan kit from any bank, fill it out and return it to the college financial aid office.

Federal pupil financial help classes supply government provides and no cosigner pupil loans to pupils and their mum and dad to help in making bigger education extra low-value. those classes have been designed so as that any one wanting a miles better education could have the prospect to take action financially. No cosigner pupils loans are made obtainable as to no longer exclude those with undesirable credit who oftentimes at the instant are unable to qualify for extra customary financial corporation loans, and scholars who matter on entirely on themselves and their very own earnings financially.

you can take out your own student loan, the rates are lower for the students. I found interesting information about your answer, college loans, scholarships, college grants & partime works here. http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.html Good luck!