Financial aid for college question.

[biteme]

Does anyone know how much you can get for cost of living expenses. I'm going to nursing school, but I may have to go to the LVN program first because I don't know if I can afford to work part-time for the 2 years that it will take me to get the RN degree. I am making around 26K right now. I will have to reduce my hours and salary will be around 15 K. I need to make up the extra 9K because it takes all that to live. I have enough saved to get by for the 1 year LVN program, but not enough for the 2 year RN program unless I can get a cost of living loan for at least 9K.

 

[ZKaudio]

you might qualify for some... just apply and see:
http://www.fafsa.ed.gov/
I don't get shit, but I have friends who lied a bit more on certain questions... they do get some. One of my roommates has everything paid for, tuition/rent/living exp. All grants, no loans. Lucky SOB

 

[Paulos]

The most you get for pellgrant is 3800 I believe...and I think that is yearly, not semester. I am not sure as I am going in tomorrow to sort everything of mine out...either way you're probably looking at student loans. 3800 dollars isn't shit.

 

[grlpwrd]

I don't know about maximums and financial aid for living expenses, but in the long run it would be better to get financial aid for a RN program than to "settle" for the LVN program because the potential to make more money is as a RN.

Even if you have to take an educational loan consider it an investment in your future.

 

[biteme]

you might qualify for some... just apply and see:
http://www.fafsa.ed.gov/
I don't get shit, but I have friends who lied a bit more on certain questions... they do get some. One of my roommates has everything paid for, tuition/rent/living exp. All grants, no loans. Lucky SOB

I might get grants but can't count on it. So I need to know how much you can get on loans. I guess it's an individual thing based on your circumstaces? If I get accepted it will be by June 15th for the LVN program. I only have 2 weeks to accept or turn them down so I need to find this information fast. Thanks

 

[Paulos]

I might get grants but can't count on it. So I need to know how much you can get on loans. I guess it's an individual thing based on your circumstaces? If I get accepted it will be by June 15th for the LVN program. I only have 2 weeks to accept or turn them down so I need to find this information fast. Thanks

If you're poor you won't have a problem getting loans....

I'm at a CC and you can take out upwards of 10g here.

 

[biteme]

I don't know about maximums and financial aid for living expenses, but in the long run it would be better to get financial aid for a RN program than to "settle" for the LVN program because the potential to make more money is as a RN.

Even if you have to take an educational loan consider it an investment in your future.

True. But after getting the LVN license, you can still bridge and get the RN and it still takes only another year. The only catch, you have to work 6 months as an LVN b4 you can apply to the RN program. I have no intentions of stopping. Eventually, I want to get a masters in Nursing, where the money is over 100K. That's the plan anyway.

 

[Liftbig]

your school should have a predermined cost of attendance (COA) you are alowwed to get financial aid up to this amount. they have should have figures for tuition, room&baord, transportation, books, etc. check with your fin aid dept. usually for a commuter or someone who plans to live off campus you can get up to the same amount of money as someone who lives on campus for r&b. theres always direct(Stafford) loans you cant get, either subsidized or unsubsidezed. and plus loans. there is always money to be gotten.

 

[VicTusDeuS]

The most pell for the most expensive school i believe is 4050. Even if you lie on the application your status is always vulnerable to the occasional audit.

As for loans, depending on your financial staus you may be eligible for a certain amount of loans per year. It also depends on your age and if you are dependant (24 or younger) or independant -(parent,verteran,orphan,24+)

The best thing to do is check with your financial aid office. You may need a professional judgement if you can proove that your income will be 9,000 less this year than last year since your financial aid for the upcomming academic year (July1st 2003-2004) depeneds on your last years fiscal year's tax return and income (2002).

What you can do is give them all the information and then see what your are eligible for. There may be scholarship money available. Student loans are not a bad idea and at about 4% the interest is livable with.(10 years to pay off) If you still think you need the extra cash, take out a sallie mae loan. At the end of your academic career you can then consolodate all student loans into one and increase the pay off period to atleast 15 years if need be.

 

[biteme]

Thanks a lot for the help! I just need to get my butt up to the financial aid office. The school is in downtown dallas and quite a drive, so I hate going there and I have to pay for parking since I'm not a student yet. I've got to do it though.

 

[VicTusDeuS]

The sooner the better the FA offices get very busy toward the start of the fall semester.

 

[SV2]

Thanks a lot for the help! I just need to get my butt up to the financial aid office. The school is in downtown dallas and quite a drive, so I hate going there and I have to pay for parking since I'm not a student yet. I've got to do it though.

Before you do anything, register at FAFSA
http://www.fafsa.ed.gov/

Seriously bro, Im going to grad school (MBA) in the fall and I just went through the whole nine yards... I'm pretty much an expert on the shit right now, and Im borrowing the max because it's sooo fucking cheap (3.05%!!!!) to borrow money right now. Make sure your selective service records are correct, that will slow you up, they fucked my social sec # up and I had to all kinds of shit to get it fixed.

[email protected] if you have any Q's.