stafford loan

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    I may be approved for a stafford loan. Does anyone know anything about them? I know they are a federal loan. It states I may be eligible for 12,500. Is that 12,500 a year or for my whole BSN. I have never done this before. Any help would be great!!!! I paid for Nursing school on my own but was very blessed to go to college many years ago and get a bachelors in another field on my fathers tab. Any suggestions for financing and grants etc...

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  3. 3 Comments...

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    finaid.org and studentaid.ed.gov are great sources that break down eligibility, loan limits per year and limits to borrowing loans.
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    Most schools will probably require that you complete the entrance counseling at https://studentloans.gov/myDirectLoan/index.action before accepting a Stafford loan. Lots of good info there.
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    Quote from Tschinault
    I may be approved for a stafford loan. Does anyone know anything about them? I know they are a federal loan. It states I may be eligible for 12,500. Is that 12,500 a year or for my whole BSN. I have never done this before. Any help would be great!!!! I paid for Nursing school on my own but was very blessed to go to college many years ago and get a bachelors in another field on my fathers tab. Any suggestions for financing and grants etc...
    I have a Stafford loan. The 12,500 is per year, not the whole program. I would stick with the federal loan rather than a private loan, since the interest rate for private loan depends on whatever the lender wants to charge. Stafford interest rates are capped unless/until the government decides to raise the interest rate.


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