Although your son received a large portion of his money through the Pell grant, I would advise covering the rest with federal loans. They are low interest and come with great benefits.

Federal Student Loans come in two different forms, the Stafford Loan and the Perkins Loan. The Federal Stafford Loan is split into a Subsidized and an Unsubsidized Loan issued at a 6.8% interest rate. The Federal Perkins Loan is issued at a 5% interest rate and the school you are attending is the Lender. All of these types of loans are need based not credit based, so the government will not run a credit check before issuing you a loan.

For more information about federal loans, please visit the source below. Good Luck and I hope this helps!

PLEASE….. pay attention to this…. Is that school a state college or a private-for-profit college AKA proprietary college? They will milk you DRY!!

Check on the university colleges first in your area for 2 year programs, then state university transfer for 4 year programs.

Please avoid proprietary colleges as much as possible. If your son is 18 or older, he can get his own loan…

Some of those colleges charge thousands when a 2 year college, which has more creditials and you must check the accredidation too ( sorry for spelling ) will the other colleges accept their credits after you pay so much???

I hope this helped you out.

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