Thanks for all your replies. I talked to Sallie Mae, the rep there said that I was denied based on some recent delinquencies on my credit report (I missed payments for 3 months on 2 cards because I'm broke). There is a cap on how much you can borrow, but it's only counting the signature loan money, and while I do have some of those loans, I'm not capped yet (although this loan would do it).
So now I'm wondering if I clear up the delinquencies and reapply within the next 2 months if I would be approved for the loan then. I asked Sallie Mae what range of credit score I would need, and if they would approve me if those two items listed as denial reasons were cleared, but the rep just kept repeating "I'm not allowed to give you any more information."
Anyone got any idea on whether clearing up recent problems on credit would increase my chances of getting the loan? I have to put down a $500 nonrefundable deposit on the nursing program tomorrow, and don't know whether or not I should gamble like this with my grocery and bill-paying money for the next 2 months!
But if I don't go to this program, I really need to figure out a way to survive. With this program, I would have a BSN and be eligible to work as an RN within 1 year. There is no faster option. Even an LPN program would take longer than that, especially with the waiting lists at the community colleges here. Every other school is too expensive as well and all would take longer to finish. Research job would be great, but half the 50 resumes I sent out last year were for research jobs, with no success (I did follow up with phonecalls). Competition is fierce here in NYC for any job, and even with an ivy MA I couldn't find anything that would enable me to pay my current bills, much less my debt.
Has anyone applied for the Health Service Corp scholarship from the government that covers tuition and living expenses for regular undergraduate nursing programs
? I qualify since my EFC is 0, but was wondering how competitive it is and what kind of facility you get placed in after graduation, whether you have any choice in location or not, etc..
Thanks again for all your suggestions!