Previous Student Loans/Financial Aid

[Rivs]

Hi everyone, I am curious to know if anyone is still paying back a student loan from a previous degree. I am still paying for some student loans I took out to get a 2 yr degree in the Computer field and will have to borrow once again when I start an ADN program next September. Has anyone had problems getting a student loan for a 2nd 2-year degree program. If I am correct, once you have a bachelors degree, then borrowing is much tougher. Is this correct? Thanks in advance for any opinions.

[iliel]

Originally posted by ogden2k

Soooo, would getting a loan be a good thing or bad? I seriously can't even pay my tuition this year...

if your smart about them, they are a good thing. the rates are low and you can decied how little to take out. they can take some of the burdden off while you are in school

[angelac1978]

I really think if you are struggling right now to pay tuition or living expenses while in school, then getting a student loan makes sense. As everyone else has said, the interest rates are really low, and you get a 6 month grace period after you graduate or leave school before you have to start paying them back. When you do pay them back, you will have several repayment options to choose from, and you can even consolidate the loans and get a lower interest rate. Also, if you decide to go back to school for whatever reason, you can defer your student loans and get even more if you have to. Of course you might be paying them off until you are 90 but sometimes the peace of mind of knowing your school is paid for is worth it!

A