[BigDave]

I did get a $40k loan check delivered to my mailbox from Sallie Mae. Make sure you are doing the "tuition Answer" loan.

[Fox]

BigDave,

How long did it take before you received your check?

Originally Posted by BigDave

I did get a $40k loan check delivered to my mailbox from Sallie Mae. Make sure you are doing the "tuition Answer" loan.

[JessieLily]

So it is possible to fund CRNA education entirely by loans? (Even if it may not be advisable...???)

[BigDave]

Originally Posted by Fox

BigDave,

How long did it take before you received your check?

I had approval in April, but they would not mail it prior to 30 days before the semester started. But since the semester starts 22 Aug and they mailed it 30 June, it must be 30 days before the month the semester starts??

[jenniek]

Originally Posted by darienblythe79

This is a great thread. One question to those already knee-deep. How much can I expect to borrow if my husband will be able to cover living expenses, and school over 2 1/2 yrs will be 45K? Our debt right now is minimal. Two car payments (one will be paid off this time next yr), less than 1000 on the credit cards, and 5K from his student loan. Any thoughts are most welcome.

My husband and I are in the same situation. We expect to only borrow the cost of tuition and will be able to cover my fall living expenses on campus through savings, ect. I expect to have about $40 through stafford loans, and hope that's the extent of my loans.
Jennie

[leopold]

Thanks for the info. I'm kind of in a pickle right now cause I had to quit my job for health reasons. I do have a cosigner though. Do all of these loans require you to be employed? I thought Sallie Mae was available only to people who owned a home.

[hotdog19d]

Thank you for the great info!!

[William_SRNA]

Originally Posted by JessieLily

So it is possible to fund CRNA education entirely by loans? (Even if it may not be advisable...???)

And then some. Money should never be a worry when going to CRNA school. I always suggest atleast taking out the stafford loans. If you end up working for the VA or some other federal employer or military they will pay back $20,000 / year in federal loans (not sure what the total payout is) and trust me those that think they know where they want to work when they get our into practice most change their mind once in school. Sometimes employers will pay more towards student loans than a sign on bonus so even if you don't need the stafford put it in a CD earning 4.5 -5% interest while in school.

[KimberRN1]

PNC has a new loan called the Medical Professions Loan Program that CRNA students qualify for....It's actually really good....there is no up front fees or orgination fees (Sallie Mae charges fees)...9 mos grace period after graduation...and you can defer loans up to 8yrs....and a 25 yr repayment plan....They also send the money fast....I believe within 2wks....
You can get your stafford loan with PNC as well and again unlike Sallie Mae there are no fees charged.....If you visit the website under the MPLP (medical professions loan program) You will see the stafford loan....then under that, the private loan...this is the one you get for money to live on!http://www.medproloan.com/students/a...plp/index.html

[Fox]

Do you know if the check is send directly to the student?

Originally Posted by KimberRN1

PNC has a new loan called the Medical Professions Loan Program that CRNA students qualify for....It's actually really good....there is no up front fees or orgination fees (Sallie Mae charges fees)...9 mos grace period after graduation...and you can defer loans up to 8yrs....and a 25 yr repayment plan....They also send the money fast....I believe within 2wks....
You can get your stafford loan with PNC as well and again unlike Sallie Mae there are no fees charged.....If you visit the website under the MPLP (medical professions loan program) You will see the stafford loan....then under that, the private loan...this is the one you get for money to live on!http://www.medproloan.com/students/a...plp/index.html