student loans with a past bankruptsy

Nurses General Nursing

Published

My husband works for the airlines. We have been married 14 years and have 2 wonderful kids. He has been laid off many times which has resulted in us traveling about the country for a job. Then after we get settled there just a few short months/years, then that job goes through layoffs. The airlines are not a dependable job at all. So after another move, now we are close to our family again. And guess what? We decided to stay. We decided that we need a job that is way more dependable than the airline industry. Also, my husband and I decided we were willing to make the sacrifices and make my dreams come true/and be more finacially sound, and that I can go to nursing school. However, with all our travels and job losses, we have not so great credit. 6 years ago we actually went through a bankruptsy and a repossession. I have applied to nursing school and believe I have a very good possibility of getting in. I am not scared to take out student loans as I know that I will be able to pay them off with my first years salary. I plan on working 3 12's. So, do you know of anyone that would give a student loan to someone who has been through bankruptsy, respossession, and not so good credit. I know I can get a stafford loan, but that tops out at 6,650 the first year. I am taking an advanced course and I will need another 10,000. What are your thoughts?

I plan on being an RN (labor/delivery, Surgery, or ER). I work well under pressure.

By the way, this is my first post here. But I have been reading for a while.

:smilecoffeecup:

Specializes in Neuro-ICU stepdown, LTC.

Check with nurse recruiters at hospitals where you are. You may be able to find a hospital that will offer tuition assistance in your area. You agree to work for them for specified amount of time for set amount of money.

0 Votes
Juniors and Seniors are permitted to take out $10,000 per year in Stafford loans. Freshman and Sophomores are limited to $6,500 and $7,500 per year, respectively. If you are at a community college, the maximum Stafford loan per year is $7,500 because theoretically that's as far as community colleges can go - to the sophomore level. Never mind that nursing students at community colleges can study for 3 years full-time.

I could have sworn I saw something about applying for a third year of stafford at community college. It said you had to write a letter and be in a technical program that was longer than 2 years. I wish I knew the details. I saw it in my school's financial aid office.

0 Votes
Specializes in Acute Care Psych, DNP Student.
I could have sworn I saw something about applying for a third year of stafford at community college. It said you had to write a letter and be in a technical program that was longer than 2 years. I wish I knew the details. I saw it in my school's financial aid office.

You can take out more than two years worth of Stafford loans at the community college level. It's just that you are limited to the yearly sophomore loan limit.

0 Votes
You can take out more than two years worth of Stafford loans at the community college level. It's just that you are limited to the yearly sophomore loan limit.

I'm so glad someone else knows about this because I was starting to think I was mistaken and might need the loan for school next year.

0 Votes
Specializes in Emergency Room.

sallie mae has a signature loan that is credit based, but your credit does not have to be flawless. the signature loan is for whatever you need (books, tuition, living expenses, etc..) and you can apply at any time while you are in school. i got one for about 8k and it helped tremendously because by the time i graduated i was pretty much maxed out in government loans for a Bachelors degree.

0 Votes

I don't understand why RN's with loans aren't able to pay off their debt within 1 - 1 1/2 years, if they are single and have no dependencies. All they gotta do is live like a student for just 1 more year, then it's all paid off and you are freeee !.:confused:

0 Votes
Specializes in Acute Care Psych, DNP Student.
I don't understand why RN's with loans aren't able to pay off their debt within 1 - 1 1/2 years, if they are single and have no dependencies. All they gotta do is live like a student for just 1 more year, then it's all paid off and you are freeee !.:confused:

Everyone's personal situation and priorities are different. I'll graduate with far too much in student loans - making it impossible to pay off in one year.

0 Votes

we are used to living off my husband's income, although we barely make it by most of the time. However, I will plan to continue living that way for my first year of nursing to pay off my loans in the first year. My salary will go towards the loans, so the rest of my many years of work will all be profit/extra! I am so excited. Thanks for all the replies.

0 Votes
+ Add a Comment