Financing for ABSN degree with bad credit:(

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I got into the school of my dreams and due to credit issues from years back, it is still haunting me applying for private school loans. I have applied for Federal Student Aid, but I dont think I will get much and unfortunately the program I got into is private.

Has anyone had any creative financing for student loans or any luck with great scholarships? My mom is willing to co-sign, but that doesnt seem to help that much :( Does anyone know any great private student loans? or in a situation like this?

Any suggestions appreciated. Best of luck to all.

Lauren

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Specializes in Critical Care, Med-Surg, Psych, Geri, LTC, Tele,.

Sallie Mae works for some people who need additional financing. But they are like loan sharks and will come for you if you don't repay on time. You must research the loan payment and be prepared to pay soon after graduation if you go this route. They are much less helpful when you are experiencing hardship than federal loans.

Also, check with your local bank. They usually offer student loans.

My own creative financing consisted of federal loans, WIA grants, welfare, unemployment, spousal support, etc.

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Is private school really your only option?...

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Specializes in GENERAL.
Is private school really your only option?...

Be judicious with student loans ie.Title IV taxpayer backed funds. They unlike private bank loans are non-dischargable through going bankrupt. If you are considering a for-profit school, know that they are expensive leaving you at least in $100, 000 worth of debt for the BSN. This is called debt peonage and not worth it. Better to go Community College route and have.a life as well.as a much smaller debt. The worst offenders with poor graduation and retention rates are Universoty of Phoenix and EDMC operated South University.They love loans and get 90% of their revenue from them leaving the great majority of their students in astounding debt sans a degtee. Be vey careful with your school choice. It can make or break your life.

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