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Reader Q&A

Q: My daughter is going to have to take out a private loan to pay for the rest of her fees. She has had no job or income and is only 17 years old. Can she take out a loan in her name with me her parent as a co-signer?

A: Yes your daughter can borrow a private loan in her name, with you as a cosigner. Some private loan companies require the student be at least 18 but most do not. Go to PrivateStudentLoans.com to apply online.

More answers to your questions at FinancialAidForum.com

Financial Aid News, April 2009

This month, we help you read your award letter, plus some options for earning course credit while working this summer.
Feature Article: How to Read Your Award Letter

Reading financial aid award letters can be confusing if you're not sure what to look for. There are three important tasks you must accomplish.

  1. Determine what financial aid you've received.
  2. Determine how much must be repaid.
  3. Determine if there's still unmet need.

Every award letter has a different format and use of language. With our quick guide we will break it down for you so its easy to understand.

Find out how to read your award letter »
Get Your Questions Answered at the Financial Aid Forum

Financial Aid Forum Not sure exactly how much aid you will be able to receive and not sure how to ask for more? Visit FinancialAidForum.com to have questions like that and others answered by our financial aid experts.

Check out the forum today for a great article on
how to appeal for more financial aid »
Take an Online Course This Summer!

With the economy struggling, more students have to choose between working this summer and taking some course credits. With online courses, you can do both. Online courses also help you save money on tuition, room and board and supplies.

Download FREE eBook | Search for Online Courses
Exciting Scholarship Opportunities!

Did you miss our last $10,000 scholarship? Not to worry - in addition to our $2,500 monthly drawings at Scholarship Points, we have another $10,000 drawing in July!

Here are some other great scholarship opportunities for you:

March Scholarship Winner: Jean-Paulette Reyes - University of Puerto Rico Mayaguez

"I'm a junior at the University of Puerto Rico-Mayaguez studying Business Administration and thinking about law school. This scholarship will unquestionably help alleviate my financial burdens and get me one step closer to my goals. Thank you so much, ScholarshipPoints!"

Not a ScholarshipPoints member? Join today and win free scholarships!

This month's ScholarshipPoints bonus code is: TFANEASTEREGG