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Has anybody used ascent loans? i saw an ad for them saying they dont require cosigner for juniors and seniors with good grades. wondering if there legitimate or a scam
Ascent is legitimate. They do offer non-cosigned loans for upperclassmen with strong academic performance, but the interest rates are typically higher than cosigned loans. They're worth including in your comparison if your student is a junior or senior with good grades, but I'd still recommend having a cosigner if possible to secure better rates.
Since you're specifically asking about private loans after exhausting federal options, I'd suggest creating a spreadsheet to compare offers. Look at: 1) Total loan cost over the repayment period, not just the interest rate 2) Monthly payment amount during school vs. after graduation 3) Hardship options (some private lenders offer better forbearance terms than others) 4) Customer service ratings (crucial when issues arise) Also, many lenders offer pre-qualification that lets you check potential rates without a hard credit pull. This gives you a good initial comparison without affecting your credit score. One final consideration: some lenders have career support services, internship connections, and financial literacy resources for students. These added benefits might be valuable depending on your student's situation.
The spreadsheet is a great idea - we'll do that to keep everything organized. And I didn't know about the pre-qualification option without hard credit pulls. That would definitely help us narrow down options before formally applying. I'll look into the career support services too - my son is still figuring out his major so that could be helpful.
I'm freaking out because I completed ours in like 8 minutes but it's been 3 days and we still don't have an SAI!!! Did yours show up right away?? The status just says "processing" but no timeline or explanation! Should I call someone? Who do I even call?? Is this normal now???
Give it some time! Ours took a full day even though the system is faster now. If it's still stuck after a week, then start worrying.
If you need to call FSA, good luck getting through on your own. After being disconnected 6 times, I used Claimyr to connect with an agent. Their site (claimyr.com) has a video demo showing how it works. It was such a relief to actually talk to someone who could check my application status in real time.
UPDATE: We got our final SAI this morning and I just want to thank everyone for calming my nerves! I was definitely being paranoid after last year's disaster. Our final number is slightly different from the estimate (a bit lower actually, which is great). The simplified form really is working as designed. For anyone else coming from last year's nightmare experience - yes, it really is supposed to be this easy now!
That's great news! The system improvements are working as intended. If your SAI ended up lower than the initial estimate, they might have applied additional adjustments during final processing. Enjoy the simplicity - it's been a long time coming!
Just wanted to share a happy update - our daughter's financial aid package populated this morning! About 5 days after the link first appeared. Got a decent Pell Grant amount and some work-study. Still waiting on the Wisconsin Grant amount to show up, but the big federal pieces are there. For anyone still waiting, hang in there!
My nephew had the same thing at UW-Parkside, blank link for two weeks then suddenly the full aid package appeared. He had to accept each part individually tho and almost missed the deadline because the email went to spam! Tell your kids to check spam folders for anything from the financial aid office!
did u check if your moms email is verified in her FSA ID account? my husband had to reverify his email before the signature would stick. go to the FSA ID site (not the FAFSA site) and check if theres any yellow warnings
After your mom verifies her email, wait about 24 hours and then both of you should log in together and check the status. If it still shows the signature issue, have her sign again while you're watching to make sure it goes through correctly. Also, take screenshots of EVERYTHING - the confirmation pages, any error messages, the email verification, etc. If you do end up needing to contact your school's financial aid office, having documentation of all the steps you've taken will help them assist you better. The new FAFSA system is having so many technical issues this year. You're definitely not alone in this frustration!
Samantha Howard
lol this is why im taking a gap year the fafsa is such a mess this time around. good luck!!!
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Zoe Wang
•Haha, sometimes I wish she had considered a gap year too! But hopefully we can get this sorted out soon.
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Grace Durand
Just to follow up on your question about timing - most schools understand the FAFSA transmission issues this year and are being flexible with their internal financial aid deadlines. However, it's still best to be proactive. Contact each school's financial aid office this week, provide the verification that your FAFSA is processed (screenshots), and ask them to manually retrieve the data. Also, double-check that your daughter's FSA ID is properly linked to her Social Security Number. Sometimes the DOB correction can cause authentication issues if there's any mismatch with SSA records.
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Zoe Wang
•We just contacted two schools already and you're right - they were very understanding! One school said they're dealing with this issue for dozens of students. They're going to try retrieving her information manually tomorrow. I'll make sure to check the FSA ID/SSN connection too. Thank you again for all this helpful information!
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