[Cherish]

Originally Posted by DebbieSue

Well, I've read this entire thread for about the 10th time over the last few days. I went to see my financial planner, and he gave me good advice. I was going to print out (almost) this entire thread to give to him, but after doing a little research, I found a place where it is all compiled into one document. Either a recently graduated CRNA or a SRNA went to the trouble of putting all the loan info together. XX

My financial planner told me that he would probably have me do a combination of student loans, home equity mortgage, and withdrawing from IRA. He considers spending on education to be the best investment.
He was greatful for the 10ish page printout of the previously mentioned compilation of grad student loan info.

Good luck to everyone lucky enough to have the problem of paying for CRNA school!!!

Debbie

R u sure u didnt mean XXXX

[berry]

As someone in his second semester, I can tell you the money will come just relax. It doesn’t come on your time table and it is hard to wrap up and have money in your hand before you quit your job, but it does come easy after you get started. I understand you guys need to have it all squared away before you quit work ( I was on pins and needles quitting my job and moving my wife and two kids 800 mile without the loans in my hands)

I took 30,000 from sallia mae went into my pocket. I also used loan to learn and another private loan from some company (I cant remember the name right now to save my life) anyway it is handled by AES (American education services a clearing house for most private education loans) these 3 came to about 60k then I got my 18500 federal which everybody gets for my first year.

Starting in Aug of 06 you as a student could apply for gradplus (as mentioned earlier in the thread). Gradplus is an additional unsubsidized federal loan that covers up to your cost of attendance for example my COA was 38000 I received 18500 from federal and 19500 from gradplus THIS IS THE IMPORTANT PART. Your finical aid office has a form you can use to request a review of your expenses and have you COA reevaluated you have to submit your bills and write a small note basically saying I made 60000 last and now I don’t work but still have the same expenses. Mine was recalculated to 68,000 and my Grad plus loan was increased to meet the new COA. I promise the money is easy try not to worry about it. I like most of the people in my class have more money in the bank than we have ever or will ever have. Feel free to pm me if you have any questions.

[SC-Tele-RN]

This thread is waaaayyyyy too valuable to be buried.... so BUMP!

Note to administrator: Can this thread be made a sticky?

[lavatea]

Originally Posted by nynurse2be

I'm a bit confused...I just read this on Sallie Mae's website:

*If you choose to borrow only through Tuition Answer to pay for your education expenses this year, you may borrow up to $40,000, or the cost of attendance at your school, whichever is less. If you will be using Tuition Answer in addition to other student loan programs, the total of all your loan proceeds may not exceed the cost of attendance at your school.

It sounds like they have an idea of what the "cost of attendance" should be, and will not fund over it. My cost of attendance is a lot higher than what my school says it is. Does anyone know of a loan that does not take into account what the school says is the cost of attendance?

Thanks in advance!

I saw this on their website, too, and I wonder if maybe they changed the requirements? From reading these posts, it seems as if at some point the Tuition Answer didn't have to be certified, but reading that now, it looks like it does.

[cmmg]

To qualify for these type of loans, do you have to have perfect credit

[newkarian]

This thread needs to be stickied. It would be a shame to lose this info.

[dfk]

Originally Posted by cmmg

To qualify for these type of loans, do you have to have perfect credit

i wouldn't say "perfect" but i can't imagine not so good either..

[tonetone77]

bump!

[Brian_SRNA]

If your credit isn't perfect than you can get a cosigner, a mom dad inlaw etc. Especially if you have already quit work.
best of luck.

Brian Walsh

[crnahopeful32]

I will be starting school in August of '07 and I've already completed the FAFSA, but my school is not releasing any financial aid information until late spring. I know that the federal stafford loans will cover most of my tuition, but I wanted to go ahead and have loans set up to cover my living expenses, etc. Would it be okay to go ahead and apply for some alternative loans without receiving my federal loan information? Thanks.