Admitted to A-BSN UM university but can't get loans?

203bravo, MSN, APRN · Nov 23, 2015

The limit for Federal student loans is $57,500. Have you already borrowed this much for your first degree???? If you have this is already a massive amount of debt and you should seriously reconsider adding to it.

Otherwise, if your only option is private student loans and they require a cosigner then you really only have 2 options either find a cosigner or postpone school until you can afford it.

Best of luck.

ericlavin67 · Nov 24, 2015

I have $25,000 from my first bachelors. But because my program is a year they can only give us $18, 625 for the whole year. I also heard that is was up to $57,000. I am not sure why I am getting short changed.

ericlavin67 · Nov 24, 2015

education is is ridiculously expensive these days :Emoticon-Devil:

203bravo, MSN, APRN · Nov 24, 2015

Actually you are not being short changed at all --- the loan limit per year at this level would be 12,500 (unless that amount has been raised) and they are offering you 18,625... the 57,500 is the total amount that anyone is able to ever borrow at the undergraduate level.

But add the cost of living for Miami and you are still well short of anything you need... Have you checked with financial aid office for scholarships?

203bravo, MSN, APRN · Nov 24, 2015

education is is ridiculously expensive these days :Emoticon-Devil:

While I agree that it is --- I'm also working on a second degree but doing the traditional BSN track at a small state University.. and with a few small scholarships I'm paying less than 6,000/ year and not having to worry about how I'm going to come up with 40+k all at one time.

I truly wish you the best with these decisions and this journey.

xoemmylouox, ASN, RN · Nov 24, 2015

I would contact your school's financial aid office and see what they can offer. I would also start looking for a new job ASAP if you aren't working at the moment.

ericlavin67 · Nov 24, 2015

Look for a job to work for five minutes? I start my program in a month!

ericlavin67 · Nov 24, 2015

Where did you find the scholarships that offer that high of an amount? How long did it take to receive?

ParkerBC,MSN,RN, PhD, RN · Nov 25, 2015

Does the university or school of nursing offer scholarships?

PVCCHoo · Nov 25, 2015

Looks like you can't afford this program.

If I were you, I'd find a cheaper way. At the very least, I'd look in to an in state ABSN. Or you could go to community college and work while you do it. Since it's not as intense as an accelerated program, you would have more time to work.

I'm in an ADN program at CC and almost all of us work. I'll be graduating in May with zero debt because I worked all through school.

Goldenfox · Nov 25, 2015

I am from southeast Florida and will tell you that although the University of Miami is a really good school with a truly beautiful campus, it is also one of the most expensive private schools in the country. The university is well endowed and has deep pockets so if you have a really strong academic history you might be able to get a scholarship from them. This is probably not what you wish to hear but if money is an issue I would skip that school and look for other options. In addition to the tuition, Miami is not a cheap place to live.

If I were you I would stay in California and try to get into an RN program at a community college there where you'd be able to get much cheaper tuition rates. Since you already have a bachelor's degree you can transfer in some of your credits from that and finish up the BSN inexpensively online. Then, if you want to move to south Florida afterwards you can do that. Again...not something I would recommend because you can earn significantly more $$$ as an RN n California than in Florida.