Student Loan related questions?

I need a $5,000 private student loan for this years school. I had my federal loan/grant money revoked because I took more than required credits to graduate.





It's my fault because I changed majors in the middle so I had to take completely different prerequisites.





So, my FICO score according to Transunion is 537. I have 2 credit cards in collection. I'm working on that.





My moms credit is really good though. Should I apply for a private student loan and have my mom cosign or is there a student loan she, the parent, can apply for and I be the cosigner?





Can you recommend any companies other than: AES, Sallie Mae, Campusdoor, or Astrive?

Student Loan related questions?
Nothing is wrong with taking out a $5,000 loan. You probably wont qualify for a PLUS Loan or any federal loan since you were on schlolarship. My only advice to you is take out a private loan thru Sallie Mae, stay away from atrive, Campusdoor, or banks they are usually third party lenders. You definately can't cosigned any loans, since you credit is bad. Probably the only solution is to borrowed the $5,000 from parents or take a private loan through sallie mae and have your mom co-signed for you. You are fully responsible for the loan once you graduate.
Reply:If you already have two credit cards in collections please DO NOT apply for another credit based product be it a private student loan or another credit card. What you should be concerned about is have a local, professional financial advisor not act on your behalf, but teach you the steps you need to take to fix your problem with your current low score of 537 and 2 cards in collection.





Regarding the $5,000 loan, you should really consider a part time job instead. If you blogged on yahoo's platform to earn money, or elsewhere, there are ways to earn money on-line. I hate to bring this news as it's not what you want to hear, but you're headed for financial ruin. Fix that first once educated. Start be reading the Federal Trade Commission's page on rights, listed below... Good luck to you.
Reply:your mom can apply for a direct parent plus loan through the federal government.