Anna's Review: Vatterott College-Memphis - Memphis

I work as a loan advisor for Nelnet. The one thing you want to check for is to see if your scoohl will certify cost of living for an apartment that is off campus. I would call the financial aid department to see what stipulations they have as each scoohl is different. If they will not certify the loan, then you wont be able to take out a student loan, you would have to take out a personal loan at a bank Honestly, I would stay where you are. I understand how you want to get your own place, but it adds up, and when you get the bill, you will know then it wasnt worth it.If the scoohl will certify the loan, then you can get a federal staffor loan at a fixed 6.8%. If you are single, and under 24, then you may be able to talk to your parents about a parent PLUS loan in their name, but good luck talking them into that if they know your housing was free.The loan itself would not be too hard to pay off, but it is one more thing to worry about when you just graduated and your trying to find a job- not to mention if you have to take out loans next year to cover tuition and books and stuff. only 15% of students get a free ride with scholarships and whatnot Summary: Take the free money, it will be worth it in the end!!!