Published Jun 12, 2019
pksev6259
5 Posts
I have a troubling situation regarding loans and nursing school. I don't know if there is a loan that exists for someone in my situation, so I'd appreciate any suggestions or guidance on where I could find the type of loan I'm looking for.
I already have a bachelor's degree in Communications, but I went back to school to get a nursing degree and am about to apply for nursing school. The cost of the school is not an issue for me since my work has a program that pays for the classes, but the only problem is if I'm in nursing school, I can't work full time to support myself and pay the bills. Am I simply out of luck and have to figure something else out? Or are there government or private loans out there that delay your loan payments for a few years so I can be making enough money to pay them back and pay my bills.
Thanks!
babysplash, ADN, RN
136 Posts
If I were you, I would apply for Financial Aid, see what Stafford Loans you are eligible for. From there, I think there are a handful of lenders that can let you know how much you qualify for. I understand wanting to focus on school, but I've found that I could work 30 hours a week while in nursing school so if you can continue your employment, it is the best option. Also, if you don't work, will your job still pay for your education? They may have stipulations so be sure to double check. Good luck!
CamMc
128 Posts
I agree with babysplash, even if your work is going to pay for your schooling, you can apply for student loans, which typically will have a *better* interest rate for paying them back, granted you still have loans so use better as a ballpark. The only issue you may run into are there are caps on how much federal student aid is available for each student and if you already used FAFSA for your 1st bachelors you may run into trouble getting more for a second, however, getting a masters comes from a different pool of money.