why is it so hard to get a student loan?

  1. i just don't understand... the govenment here is crying because of the "nursing shortage" but they make it so DARN hard to wrangle a student loan out of them to persue a career in nursing! last year i sent away my form for my student loan they sent me a letter saying i didn't qualify cause i made to much money working part time at wal mart of all places...umm hello i make so little money if it wern't for my boyfriend i'd have to live in a box so i appealed it and they granted me just barely enough money for school, not including books of course...i'm still trying to pay off my credit card.... this year i applied as early as humanly possible and lo and behold there was some kinda screw up and they put my loan on hold i sent them a fax to straigten things out and it's still on hold...school starts in a little over a month and they don't even know if they got my fax!!! this is insanity! so i'm just wondering if any one else out there in canada or the states has problems like this getting a student loan? i've talked to many of my class mates and they mostly all have some sort of problem or mix up. maybe it's just New Brunswick i am just so frustrated. i have managed to save 0 dollars this summer cause i'm still trying to pay off bills from last year as well as living expenses...what is a girl to do?
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    About Nursemelo

    Joined: Mar '02; Posts: 73; Likes: 5
    student nurse


  3. by   dianthe1013
    Not sure, but it may be a Canadian thing.

    Screwups happen here (quite often, I might add LOL), but if there's one thing the US government is good for, it's student assistance. It's fairly easy to get a federally-backed loan if you go to school at least half-time. Sometimes, if you qualify financially, the loans are even interest-paid until you graduate.

    I'm sooooo glad we have it easier than what you're describing. Sounds like you're in my situation, too; if not for the loans, there's no way I could finish school in this century.

  4. by   colleen10
    Hi Butterfly,

    It's not just you. I remember when I was going for my BS all the times there was some sort of glitch with my grant or my loan. Twice I had classes that I had registered for dropped without my knowledge on the first day of class because the money "didn't get to where it needed to be".

    And that sort of thing happened to a lot of my friends also.

    I had a cousin who actually was not able to attend college her freshman year because all of her financial aid and loans went through but the money was applied to a different school, not the school she was attending. Of course no one told her til a week before class and by that time they were not able to straighten in out.

    Her case was the worst I had heard of because in my experience if there is a mistake or something the university was pretty nice about helping me fix it. It was aggrivating, irritating and time consuming but eventually everything would get straightened out.

    It seems to me, here in the U.S. at least, that it is really hard to get "grant" money but not too difficult to get a Student Loan. Of course, who wants to be paying that thing back.

    Good Luck and Persevere!

  5. by   RNIAM
    I hav never had any trouble with my loans, Thank God for that! I don't really know about Canada, even though I am a displaced Canadian. I have been in the US for almost 5 years now.Good luck to you and I hope everything gets straightened out.
  6. by   kimtab
    I was denied financial aid because I already have a Bachelor's degree. I feel the same way, if they want Nurses why don't they make it a little easier?

  7. by   Nursemelo
    i just called about my student loan today, they finaly got my fax. yay! but wait...additional information is required so my loan is still on hold! grrrrr so i called them up to find out what other information they needed. they say "the information that you sent us needs to be verified, so we need a copy of your tax return from the government". if they were going to need to have my info verfied WHY didn't they just ask for a copy of my tax return in the first place??? gee i guess it's because i would have saved me a lot of time in effort. so i called the canada revenue office and they were supposed to fax my return this afternoon, i of course haven't gotten it yet. WHEN will this all end? i'm so frustrated and angry about how retarded this all is all i can do is sit here and laugh...am i having a psychotic episode? hmmmm.....
  8. by   colleen10
    Hi Butter,

    You have every right to be frustrated and angry. And if you think you are having a psychotic episode now, wait til you graduate and they send you the total amount you owe them and how much it is going to cost you per month!

    And I'm with KimTab. I can't get financial aid because I allready have a BS. And I don't want to take out any more loans because of the amount of loans I allready took out for the first time I went to school.
  9. by   Momto2monsters
    Add me to the list, LOL! I also can't get financial aid because I already have a BSEd. Highly frustrating. I am also having a hard time finding a job to pay for school since I have been a housewife for the past 8 years. I'm trying to find a nursing assistant job working 7pm to 7am on the weekends, but thus far, I have had no bites.
    Melissa in Alabama
  10. by   Rena RN 2003
    i haven't had trouble getting the money from the student loan standpoint......

    i've had more trouble than i could ever write here with the administration of my college about getting a loan though. unsubsidized student loans are pretty easy to come by. just provide a statement of need and you are given the money. getting the college itself to submit the forms is another story.

    the scenerio usually goes something like this:

    loan person: "i'm sorry. we don't give loans in that amount."

    me: "yes, you do. you've been doing this for the last 2 years."

    loan person: "i'm sorry. we don't do that anymore."

    me: "well, then withdrawal me now cause i need money to go to school. and if you aren't gonna give it to me, i'll go somewhere that will."

    loan person: "now, now. you don't want to go anywhere else. but we aren't giving out money now."

    me: "withdrawal me NOW."

    loan person: "okay, you can have the money. how much you need?"
  11. by   nursing 101
    Rena Rn,
    That was funny although I know it's very true.

    If you are in the States and don't have a BS you should be able to get a student loan. It all depends on your financial need, how much is YOUR school tuition, and how much you are asking for (because they actually cap it). In my experience I have found that Community Colleges are the worst when it come to financial aid.
    Don't apply to early either I've heard. The other thing I've heard that most of the time it depends on the financial advisor. (I always complain that I need money for books and stuff). The last thing I always do is harass them (they all know me at my school):roll
  12. by   babynursewannab
    Sorry to hear of the trouble. I was doing well with little administrative stress in school until I too had to deal with the financial aid office. However, I was somewhat ready for it due to experience years ago at another school. I had prayed that I wouldn't need to work with them. Oh well.

    If you have the original fax with some sort of date stamp on it, that will help your case.
  13. by   Nursemelo
    well today i got the fax from the revenue office with my income tax return, i've faxed it on to student loans. now, lets just wait and see how many more screw ups can possibly happen between now and the first up september to prevent me from getting my loan on time! for my sanity and the sainty of my bf, who has been listenig to me complain this entire time, i hope there is none thank you for all of your responces...i'm glad i'm not the only one out there. we should start a support group! LOL