Thank you in advance for taking the time to read. I’m posting to request money on behalf of my boyfriend — I suspect his pride stops him from doing so, but I would love to see nothing more than this burden being taken off his shoulders. In short, he attends a private university and his yearly cost is $11k after federal grants and loans (regular tuition is ~$30k). Currently, the university has placed a financial hold on his account, making him unable to register for the upcoming fall semester or transfer out as he has been planning on doing. The state university he was considering transferring to is only 1/4 of his current tuition (before aid) but cannot transfer without an official transcript which isn’t provided unless he has paid his outstanding balance.
He owes the college $7.8k and his hands are currently tied — he can neither transfer nor enroll for next semester, and while he works part time, he doesn’t make enough for a payment plan to be viable. He was emancipated at a young age and taken in by a foster mother after the majority of his life being spent in neglect at the hands of an addict mother who disowned him. Being now 19, he has nobody in his life to co-sign a private loan for him, so that isn’t an option either. His father died due to alcoholism related complications, and all surviving biological family is in a similar boat to his mother. College was his one hope at moving away from that part of his life and gaining the skills and connections to make a meaningful life for himself.
We’ve exhausted every route thus far — no banks will give him a loan without a co-signer (he tried them all: Sallie Mae, Discover, Bank of America, SoFi, you name it), Federal loans refuse to give him more than they already are.
If anyone has it in them, I would love to be able to surprise him with the money to pay off his debt and get him into a more affordable college where he will be less stress (and whose curriculum is better). Thank you so so much.
Paypal.me link: @11ac20