[floyd]

Do you have a co-signer? I am pretty sure you have to own your own home before they will give you a loan. But if you have a parent or someone who can co-sign then that may work. Good luck!

[salsaking]

No, I will have to find someone to co-sign the loan..........

[dmwbcc]

Regarding financing.... So, I applied to SLM, got denied. It's not surprising at all, I have average credit, we sold our home and have quite a bit of debt from my sons special needs.

Does anyone have any other solutions for financing?

Does the full payment need to be made up front? Does DSON offer any sort of payment plans?

Thanks for the help!

Deanna

[Jasmine07]

Deanna,

The DSON offers the payment plan. You do not need to pay the full amount up front. You will need to pay $3000 before June and then at the beginning of every month about $1550 (20 payments). That’s what I understood when I called them.

[DreamJob1976]

Hi,
yup, same here...... I do worry about the loan but try to remember that it will give my family a brighter future in the long run. But.... taking on that kind of debt is definetely not easy! I just try to focus on the big picture... :-)
I took U.S. History II 2 semesters ago and it was a lot of work. I took it online and there was a LOT of writing..... Essays, Discussion posts, Literature reviews etc.... It was definetely work intensive.... But you will get through it... Only another 14 weeks, right?
I live in Westminster..... thinking about taking the bus to school as it will give me some extra study time and also saves gas and parking fees.... I am not particulary crazy about driving in downtown Denver anyway.. :-) Have you gotten your acceptance letter yet?

[DreamJob1976]

Dear Deanna,
Don't worry yet..... There are so many other options.... You can always take out a personal loan. I just got a offer in the mail the other day. $ 30,000.00 at 6.99% per month.... The only problem with that is that you have to start paying back while you are in school. Have you checked into other educational loan vendors? With Sallie Mae you almost have to own a house in order to get qualified.... The other option would be to find 0% APR credit card offers that hopefully last while you are in school. You could then pay the school directly... They have a no interest payment plan that Jasmine explained above.

[dmwbcc]

Thanks. My husband is insisting that we can swing that next year. I am not sure what he has in mind, maybe alot of OT. And I think I'll attempt to go back to work as a trainer while I am doing these prereqs, that might help if I can save. I had a Sallie Mae loan before. And vowed I'd never do it again, so I guess, unintentionally, I won't!

Anyone know of any other decent loan vendors out there?

Deanna

[DreamJob1976]

Deanna,
that is great that your husband is so support and has the "we can do it" mentality. That helps a lot! I have a question if you don't mind... You said you vowed never to have a Sallie Mae loan again..... I am about to finalize mine and just wondered what problems you encountered with that particular loan program. I definetely do not want to sign up for the wrong loan... Does anyone else out there have experience with the Sallie Mae Career Training loan? Any comments would be appreciated. Thanks!

[dmwbcc]

It was just the interest rate (high to start with), and the variable feature. I just didn't like the fact that the payment went up.

I didn't mean to imply that it was a poor choice. By no means would I say "Don't get the loan". Certainly, get the loan and get in school!

Good Luck!

Deanna

[DreamJob1976]

Hi Deanna,
oh, ok..... Well, I have heard not so favorable things about Sallie Mae from a few coworkers and I just wondered if you had a "not so great" experience as well. I agree with you. The variable nature of the loan has me a bit concerned as well but I just really need to start paying down the loan right after I graduate. Hopefully it will all work out. When are you planning on start DSN?