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Alternative Loans - here's what I've found



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  #61  
Old Feb 12, 2006, 08:39 PM
Banned
Join Date: Dec 2005
Re: Alternative Loans - here's what I've found

I with you. That would be some valuable info. I am starting the same time...where r u off to?

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  #62  
Old Feb 13, 2006, 08:19 AM
Registered User
Join Date: Mar 2005
Re: Alternative Loans - here's what I've found

Rayman,
I'm headed to Mountain State University in Beckley, WV. I can't wait, wish I could fast forward the next 9 months or so...
Arnie

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  #63  
Old Feb 13, 2006, 01:33 PM
Senior Member
Join Date: Jun 2002
Re: Alternative Loans - here's what I've found

I gave them a letter from the program director stating I would be enrolled full-time in the fall and that was enough. I think you can apply whenever you want but you will not receive any money until 30 days before schools starts. I applied in May, I think, for fall start. Definitely apply before you stop working.

Ami

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  #64  
Old Feb 13, 2006, 05:06 PM
Registered User
Join Date: Aug 2005
Re: Alternative Loans - here's what I've found

Kind of wondering...If you take out a bunch of loans and then get a cool job offer after you graduate..that offers to pay your loans, aren't you better off than if you had saved and saved and maybe sold something to pay for school up front?

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  #65  
Old Feb 13, 2006, 05:18 PM
Registered User
Join Date: Oct 2004
Re: Alternative Loans - here's what I've found

Originally Posted by ICUDOUCME?
Kind of wondering...If you take out a bunch of loans and then get a cool job offer after you graduate..that offers to pay your loans, aren't you better off than if you had saved and saved and maybe sold something to pay for school up front?
It is possible to have a tuition reimbursement deal with your first job, but it is usually limited to a certain dollar amount. I have friends who each will get $50,000 paid off their school loans after 5 years of full time service. I believe they will get $10,000/year. My friend told me that you need proof of loan amount (as opposed to using savings) in order for them to pay you the money. But, it shouldn't give you a reason to go hog wild and take out high loan amounts only in hopes of having it paid off with your first job.

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  #66  
Old Feb 15, 2006, 02:30 AM
Registered User
Join Date: Feb 2006
Re: Alternative Loans - here's what I've found

Wow. This was the most informative hour I have ever spent reading. You guys are great. I actually feel like CRNA just became a more attainable goal, rather than a distant dream. Thanks a million, and good luck to you all!!!

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  #67  
Old Feb 18, 2006, 10:50 PM
Registered User
Join Date: Oct 2004
Re: Alternative Loans - here's what I've found

Hey everyone!!

I have a HUGE problem. My dream came true when JHU reconsidered and accepted me. Now, I stand the chance of my dream being taken away twice because I don't know how I'm going to get a private loan (I can't ask my parents to co-sign):

1. because i've been finishing up my bachelors, I haven't worked full-time for the last several years
2. i've had some stupid mistakes in credit about 5 years ago

At this point, I don't even really care about the interest...I'm just freaked out because Sallie Mae rejected my online application and the representative from NextLoan said I had to have worked full-time for the last two years.

Anyone have ANY idea where to look? I can't thank you enough guys!! By the time I do this and my 1st bachelors, plus CRNA school, I should have about $200k in debt! (the exact range of emotions)

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  #68  
Old Feb 19, 2006, 10:08 AM
Registered User
Join Date: Oct 2005
Re: Alternative Loans - here's what I've found

You may not want to even consider this option..but it is an option...the Army reserve will pay up to 50,000.00 in loans and give you a stipend of 1000.00 a month., You owe them two years for every year they assist.

There may be soemone who can speak to this in more depth but that is the short and simple.

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  #69  
Old Feb 19, 2006, 07:25 PM
Registered User
Join Date: Oct 2004
Re: Alternative Loans - here's what I've found

Hi Jabsmom!!!

Thanks SO SO much for taking the time to respond to me.

Unfortunately, I'm legally blind without my contacts. I don't think they'd even take me.

The other thing is my dog. I know it may sound silly, but it's the same reason I don't go on vacations. She gets really depressed when I'm away, even if it's only a day...

But thank you so much for thinking of me!!

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  #70  
Old Mar 15, 2006, 01:18 PM
Registered User
Join Date: Nov 2005
Re: Alternative Loans - here's what I've found

The following is from a post in the graduate forum, hope it helps:


There is a new loan coming out (those of you who have received Yale financial aid packets know about it). It's called the GradPLUS loan. It's a NEW FEDERAL LOAN that works pretty much like the other federal loans, especially the original PLUS loan, but the best part is that you don't need cosigners or parental information to get it. Also, it is EASIER to get than a private loan because they DO NOT USE CREDIT SCORING or DEBT TO INCOME RATIOs!!! This loan was created by government specifically for graduate and professional students as an alternative to private loans!!

Here's the link with the specifics:
http://www.wm.edu/financialaid/gradplusloan.pdf

Here's the link to sign up for the information:
http://www.edamerica.net/money/loanoptions/gradplus.htm

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Alternative Loans - here's what I've found

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