Is it true?

1. I heard if you already have a Bachelor's degree, you cannot get Financial aid - Does that mean you have to pay out of pocket? Is that true?

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2. 

   About SA2BDOCTOR

   Joined: Aug '06; Posts: 410; Likes: 18

   7 Comments

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3. 
   Dec 21, '06

   Well...somewhat. You are not eligible for Pell Grants. You can still apply for federal loans. There is always scholarship money out there as well!!!!! I was in the same boat, but I was blessed b/c the accelerated program I got into pays 100% tuition.
4. 
   Dec 21, '06

   ic. I will look into that. I see some hope lol. btw that is an excelelnt program you are in!!!
5. 
   Dec 21, '06

   I have a bachelor's degree and was awarded a $10,000 stafford loan.
6. 
   Dec 21, '06

   Why is this? No free money pell grants to those who already hold a degree?! I also have student loans but to those who have received Stafford loans, there are subsidized and unsudsidized. U can opt to pay the accruing interest while in school which is a smart move, because when u begin paying them off, there is accrued plus capitalized interest. There are many payment options as well.
   
   That really stinks if it's true. I will be calling my OFSA ASAP!
7. 
   Dec 21, '06

   It is, in fact true. If you have a Bachelor's degree, you cannot get financial "aid". You can get Stafford Loans or other student loans, but in essence, you cannot get free money.
   
   The reason it is this way is because that's what the laws say. I suspect it's because there is only so much money to go around, and students with no degree must come before those who do have one.
   
   This is another reason I will not be getting a second Bachelors. I'm going to grad school.
8. 
   Dec 22, '06

   Quote from amybethf

   Why is this? No free money pell grants to those who already hold a degree?! I also have student loans but to those who have received Stafford loans, there are subsidized and unsudsidized. U can opt to pay the accruing interest while in school which is a smart move, because when u begin paying them off, there is accrued plus capitalized interest. There are many payment options as well.
   
   That really stinks if it's true. I will be calling my OFSA ASAP!

   I already have a BA and I think it's perfectly fair. I think pell grant money should be set aside for people who don't have degrees, not for people who want a second degree. Non-degree holders have to come first; there is only so much money to go around.
9. 
   Dec 22, '06

   You still can get free money--scholarships & grants!
   
   One of my profs got something like $40 000 to do her masters. It was a grant from an organization like the Kidney Foundation or Liver Association or something like that. Whatever her big research project was, she had specifically aimed it at being useful to an organization with similar interests, and wrote a proposal for a grant.

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