I am going to be starting nursing school in July. Currently, hubby and I both have full time jobs. I will be quitting my full time job soon. I don't have any experience with Federal Financial Aid, but I filled out the FAFSA. Right now, hubby and I are not hurting for $$ but we do already have debt payments that take a chunk of my income. While we have some savings, when I quit my job, we are going to have to use some of that money for the debt payments and I plan to work atleast PT.
Problem is, I don't know how this works. I did the FAFSA and it said that my EFC was in the area of $17,000. I plan to go to a community college that will cost around $5,000-$6,000. I get that I won't get "free" money, but would I still qualify for some student loan programs? I was looking at getting a loan thru a lender that offers a 0.12 interest rate if you are attending a nursing program within Az or Ca. Would my situation change if I quit my job? Or would it only change next year when I fill out the FAFSA for this year?
Bottom line is..........I need some sort of aid to go to this two year program. Even if I can make just enough PT to cover my share of the bills, I will need more $ to pay for just school.
Do I still have options even though my EFC is high and the cost for this school is low? I have really good credit. In addition, should I even bother applying for any scholarships
Thanks for any/all info....