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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.
THE WHOLE SYSTEM IS RIGGED!! My kid had a 4.2 GPA and got National Merit recognition and these greedy colleges still expect us to pay $25K+ per year. It's criminal what they're charging for education. And don't get me started on textbooks and all the extra fees they tack on AFTER you commit. Our generation could work summer jobs to pay for college but now kids graduate with mortgage-sized debt. And the "financial aid" is a joke - mostly loans that will take decades to pay off.
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!
i filled out fafsa last year and they gave me the run around for WEEKS trying to get ahold of someone on the phone!!! had a question about my dads tax info (im 22 and they still wanted his info even tho i dont live with him???) and kept getting disconnected after waiting on hold for like 2 hours. so annoying
The dependent/independent status rules can be frustrating. At 22, you're still considered dependent for FAFSA purposes unless you meet one of the independence criteria (married, veteran, have dependents, etc.). The phone issues are unfortunately common - I've found that calling very early in the morning (right when they open) sometimes helps. Or you could try that Claimyr service I mentioned earlier if you're still dealing with this issue.
Thank you all SO much for the helpful information! I feel much more prepared now. I'll definitely apply as soon as the 2025-2026 FAFSA opens in October, and I'll make sure to have all my documents ready in case I get selected for verification. It sounds like with my situation as a single parent with $43k income, I should qualify for some Pell Grant funding, which is really encouraging. I'll also check with Michigan's higher education agency about state grants and look into each school's institutional aid options. This has been incredibly helpful!
LongPeri
Also, don't forget that the contribution formulas have changed significantly with the shift from EFC to SAI. If your income or assets have changed notably since last year's application, you might see quite different results. Pay special attention to the asset reporting sections, as some categories are weighted differently now. And if you have multiple children in college simultaneously, be aware that the SAI calculation no longer provides the same reduction for multiple students that the old EFC system did. This has caught many families by surprise.
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Lucas Schmidt
•That's really important information - thank you! We only have our son in college, but our investments did increase a bit this year. I'll be prepared for potentially higher contribution numbers.
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Charlee Coleman
One final tip: if you're missing the priority deadline for your school, submit the FAFSA anyway as soon as possible. Late submission is better than no submission. Some schools have rolling financial aid distribution and may still have funds available, even if you miss their priority date.
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Lucas Schmidt
•We'll definitely get it in before our school's deadline, but this is great advice for anyone reading who might be cutting it extremely close. Thank you!
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