School loans and personal loans

Nurses General Nursing

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Hi there!

Just looking for advice on applying for school loans. I plan to attend a full-time accelerated nursing program beginning in January. I also plan to leave my full-time employment to primarily focus on school. Have you heard of people getting school loans and extra money to live on? Or personal loans to live on while in the program? Please help. :-)

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Fill out a FASFA and set up a meeting with the schools financial aid office. It depends on the cost of the school, how many credits and semesters, if you qualify for grants or not. Make sure you budget in books and supplies. Estimate it out for every semester. Then look at the total amount you will likely owe with loans only covering tuition. Make a second estimate with some living expenses.

You our want the total cost start to finish.

Then when you have both potential loan amounts you need to see what the monthly loan payments would be

As a final portion of advice I would avoid private personal loans. If you have to resort to them you are probably borrowing more than you can pay back without significant hardship.

ps if you are not good with numbers and budgets get someone else's opinion that you trust. The financial aid office works for the school, not you. They may or may not be trustworthy.

My original degree was in accounting.

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Thank you!

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So you think this is doable???????

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Specializes in ER, PCU, UCC, Observation medicine.

I had the option to take out a stipend each month when I went through my grad program. Not sure if the BSN gave option for it, that was a while ago.

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So you think this is doable???????

I have no idea. Im not looking at any numbers. I don't know if you live w parents, with a roommate, kids, ect.

I dont know if you have monthly bills, are a frugal person, plan on working part time, ect.

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What type of loan did you have which allowed you to do that?? My plan is to attend an accelerated program to gain my RN diploma, begin working as an RN then go and get my BSN. But I'm looking to not work and attend school full-time to attain my RN.

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I worked through my RN degree, but I already had a bachelors degree so I don't qualify for federal or state grants. You might. First step is to fill out your FASFA. Federal/state grants are based on it so are federal loans. First see what if any grants you can get. Then federal subsidized loans. Unsubsidized come last. Also ask you school about any scholarships.

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