Need a non-certified private loan ASAP

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I need to find a good lender from which to get a private loan that doesn't need to be certified by my school. Any suggestions? I've been googling all of the net and it's all starting to run together...

Here's my problem... I have a financial aid package for my BSN program starting in September so I'm good there. But I'm having trouble affording all of the things I need to buy BEFORE school starts...just my books run $750-1000 just for one semester. I still have to buy uniforms, shoes, lab kit, stethoscope, etc. etc. PLUS all of the "recommended but not required" things like a PDA... My laptop is no longer under warranty and on its last leg--it would be cheaper to replace it than to gut it and try to rebuild it.

I really want to make sure I have everything I need because I want to be as prepared as possible--I know nursing school is no cakewalk. I have gone through a lot to get here and I for damn sure am not going to let all my hard work go to waste. The financial aid office recommends making all these purchases with a credit card and paying them back with our refund checks--but I'm already maxed out between paying cash for summer classes, and all the background checks, drug tests, CPR certification, multiple copies of transcripts, deposit to hold my spot etc. etc. I've had to obtain recently! :sstrs:

The problem with school-certified private loans is not the fact that the school has to certify them...but that the lender sends the funds directly to the school...and I won't get it until refunds go out in October! So I need a loan that will disburse the funds directly to me so that I can get all of the things that I need. I'm not looking for a large loan--just something I can use to get set-up. I can even repay it with my financial aid refund in October.

Any suggestions? Should I be looking at "regular" loans as opposed to those specifically for students? I'm already stressed out and nursing school hasn't even started yet!

shann106

214 Posts

Specializes in Case management, occupational health.

I think you would have to get a regular loan, I am pretty sure all the student loans go through the student loan depts.

Be prepared for a tough road with loans though, with the economy loans of any type are very hard to come by right now.

twinkletoes12

48 Posts

Do you belong to a credit union? They may be able to help, especially if you have been a longtime member and the credit committee knows you. I am in the same boat as you, all of the immunizations, books, supplies, etc. etc add up fast! :icon_roll

Specializes in Pediatrics.

Thanks for your responses. I used to belong to a credit union but am no longer active (it was actually my dad's credit union for his job so I was signed up too)...I wish I was though...

Wells Fargo has a "Education Connection Loan" that is disbursed directly to the student so I might give that a shot...

~FutureNurse~

254 Posts

First I want to tell you---that you really do not NEED a PDA. Me, nor any of my classmates have one, and we are all doing fine.

Second--you will have to get a "student" loan if you want to wait to repay it until after graduation. A regular loan will not allow that! Also, private, non-certified loans are VERY hard to come by right now. I have really good credit, and have been denied by the lender that I have been using my entire college career. So, I wish you luck. You should be able to buy books at your school's bookstore on a financial aid credit. You should call and ask for it. Every school I have ever went to, has allowed students to buy supplies from the bookstore, and they would just take it out of my refund check.

Specializes in Pediatrics.

My school does not offer the book credit (tried that already as my old school did)...the financial aid office recommends charging everything to a credit card and paying it back once we get our refund checks. Believe me, if I didn't need the loan I wouldn't be trying to take on even MORE debt! But thx for the suggestions! :)

Riles241

59 Posts

I have a certified private loan and was asking for about 10 grand more than I actually needed to cover the remainder of tuition & fees and was worried they would deny it, but they didn't. Most schools understand you will have living expenses that you need to cover while in school full time. My school told me they have a budget for living expenses and basically will certify anything up to a certain amount - what they feel is necessary. It was actually much more than I actually needed so they weren't cheap about it.

I understand your problem about having to wait for the refund to come back. Did they actually tell you it would take until October? Look to see if your school offers "direct deposit" so when they've taken the money they need from you for the semester they will disperse your refund that way as opposed to check by mail. It will be MUCH faster.

mom35

507 Posts

oneday, I am in the same situation as well. I get fa but I need these things now: books 800,scrubs, shoes, laptop,etc. My ex husband said that I should check into a mini net book as they are cheaper. He said he could probably get me one for around 250 with 6hr battery life. I cant get a private or personal loan, as my credit is shot to heck! I will send positive thoughts your way!!! Keep up the awesome work, something will work out and you will have all you need-Good Luck....mom35

shann106

214 Posts

Specializes in Case management, occupational health.

I have applied for the Wells Fargo loan that you mentioned and they told me that is would not be disbursed until school started, as they work with the school and verify that you are enrolled. Did they tell you something different?

They are difficult to work with, and I have read lots of bad things about Wells Fargo student loan dept,changing terms of the loans etc. But I am kind of out of choices.

Specializes in Pediatrics.

*sighs* well that doesn't sound encouraging...what about Think Student Loans...they're supposed to disburse straight to you also...but it looks like I'm going to have to try for a regular loan. I'd hate to go through the hassles of refinancing my house for a few thousand...

StephanieP2009

56 Posts

I know this is over 1 year old, but what wound up happening? I'm in the same situation right now. My school told me I can apply for the Wells Fargo Student Connection with a co-signer, but I don't know how hard they are to get. I have bad credit, but my co-signer has AMAZING credit, owns his own buisness for 30+ years, etc.

CuriousMe

2,642 Posts

I know this is over 1 year old, but what wound up happening? I'm in the same situation right now. My school told me I can apply for the Wells Fargo Student Connection with a co-signer, but I don't know how hard they are to get. I have bad credit, but my co-signer has AMAZING credit, owns his own buisness for 30+ years, etc.

As long as you get your FA in the first week of school, you should be fine buying your supplies, etc then.

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