Look up the Satisfactory Academic Progress standards for Federal financial aid. Along with a maximum loan amount, there are other factors that have to be weighed. The big one for people with bachelors degrees is Maximum Time Frame.
If you are pursuing an associates degree, you only qualify for federal aid if you have less than 150% of the hours required to graduate. Meaning for a 60 credit AS, you can have up to 90 credits and still receive aid. If you're pursuing a BSN that takes 120 credits, you can have up to 180.
The purpose is to keep students on track and prevent tax payers from funding lifetime students.
So while you may be able to slip through or appeal, don't just assume you'll be able to borrow up to the limit.
Not sure if your degree will benefit you. Previous degrees weren't considered for any of the programs I applied to.
I don't know how much your local programs cost, but my ADN is running about $4500 without prereqs. That's easily affordable with even a pet time job. You can also look into state scholarship
programs. My entire tuition, books, uniforms, and everything else school related is paid by a scholarship from the state.