I am going to apply for NELRP for 2010. I am getting married in June '10. I am wondering if when I apply, will they look at my debt to income ratio or that of me and my husbands combined income once we are married, since we are getting married in the middle of the application process. If anyone knows I would love to know. My debt to income ratio by my self is 268%, but much less with my fiances income added. Right now I live with my parents and am struggling to pay my loans.
Sorry, I should probably be specific. The exclamation point after my name is on the status page after logging in. There is also an exclamation point after my name on the home page where it says "welcome", but I am guessing this is probably supposed to be there.
i can't even login. my account has been locked. i don't know if it was from failed logins (i had forgotten that i had changed my password)... or if they locked me out on purpose.
i got the email and faxed all my paperwork on july 31st... i had gotten the phone call to verify some student loans a few weeks before.
just wanting an update!!!! hope everyone is hanging in there while we wait!!!
Specializes in Med/Surg/Tele/ICU/Occ Health/Research.
I believe you can call the Call Center to get them to unlock your account. I locked myself out once during the application phase. I can log in to my account and see my application, I see they verified my loans late June, but have not gotten any information since (no email, no mail). I guess things are moving a bit slower this year because the numbers of potential recipients have increased becasue the funding increased. I can only hope and pray that the most deserving of us get an opportunity. They still have until end of September to make awards.
When did you get your email with the contract/all of the info to fax back? I got the email July 12 and faxed everything back that day and have been waiting ever since! Just curious to see about how long it takes from the time people get the emails until they get the contract in the mail. The wait is killing me! Thanks for any info!
I spoke with my representative shortly after getting the verification email on June 20th and she told me that "if" I were going to get an acceptance letter, I should know by the end of August. So that makes it seem like it takes about 6 weeks. Also, I was told that I am on the borderline for funding...my ratio is 140%. Hopefully those of us who received emails in June only have a few more agonizing weeks to wait.
When did you get your email with the contract/all of the info to fax back? I got the email July 12 and faxed everything back that day and have been waiting ever since! Just curious to see about how long it takes from the time people get the emails until they get the contract in the mail. The wait is killing me! Thanks for any info!
I got the contract email on June 28 and my acceptance letter on about Aug. 3.
I am just wondering how on earth someone could rack up 450% worth of debt:income ratio, assuming that the average starting salary for an RN is ~$50,000. Assuming it is undergraduate debt, then that would mean over $50,000/year for living expenses and school. I worked part time as a Nursing Assistant, paid for my twin's preschool tuition (no public assistance) and lived on a pretty tight budget and managed to only borrow $27,000 total for my BSN at a State University. Now, I am being passed over for the NELRP program for individuals with a ridiculous debt:income ratio.
I am very curious how a BSN degree could possibly justify a $200,000 + debt. Sounds risky to me. However, as it turns out it may have been good planning, because it looks like the government is bailing out those who took the risk.
my debt to salary ratio is "only" 102%. i sure hope that 140% isn't the cut-off. i was asked for my bank account information and to sign the preliminary contract and haven't heard anything since (that was july 31st).
i did an accelerated program for a 2nd bachelor's in nursing. the program was a year and a half long and i racked up over $50,000. keep in mind that NELRP covers "reasonable living expenses." i had to relocate and rent an apartment and my rent was paid for through loans. i only wish my 1st bachelor's loans could be covered because that's another $50,000 i think.
I have racked up $229,000 in debt d/t my school being a co-op school so divide 229,000/6 yrs and you get the $40,000/yr of loans... I'm only lucky to have gotten the forgiveness and am happy b/c I don't make enough to pay $2000/mo for 25 yrs. When I started school I assumed I would get scholarships and more federal assistance, but b/c I didn't have kids and I was under 24 while in school, I didn't get enough financial aid to lower my college costs. I guess you can look at it like you got more financial aid while in school b/c you had a kid, and I got it after b/c I racked up debt d/t my govt not having the money to help me while I was in school...
I got the Pell Grant each semester for 8 semesters- about $2500/semester average. Nothing that would even begin to compare to the $200,000 that some graduate nurses borrowed. It just seems like an excessive amount of debt for a Bachelor's unles you attended Princeton, Harvard or Yale. I suspect my lower debt:income ratio is because I worked as much as I possibly could while in school to AVOID debt. The government did not give me hundreds of thousands of dollars. I did not expect to live comfortably while in school, I expected to have to make sacrifices. It was worth it. My school loans are manageable without loan forgiveness, which I didn't count on anyway. Nobody should, not in this economy.
Specializes in Med/Surg/Tele/ICU/Occ Health/Research.
Consider yourself very blessed to get the Pell Grant. I worked too, and raised my kids while attending school (divorced) and only settlement I got in the divorce was my 2 young children to raise and beg for child support from the courts. I only was able to get the Pell once when I returned for my BSN and that was for $1200.00 for one semester, see the rules were a bit different way back when, unless you had bascially Zero income you could not get a Pell Grant. Hence no such animal as Loan Forgiveness programs in the 1990's, but grad school is where I took the big hit, see they have these criteria for education to move up into say management, education and such in the nursing profession. How many DON's do you know who have a Diploma or 2-year ADN program degree. I personally work with nurses who have at the very min a Master's. I am in education/research and could not even have this job without advanced education and certification. I will just continue to pay my loans income contingent and either get selected for loan forgiveness or pay another 8 yrs and be forgiven that way.
My income is actually less than it would be if I worked in a traditional hospital setting, but I would have to work 12 hrs *****/rotate days off/work nights/holidays/weekends/and who knows what, and I have "paid my dues" after 27 years of missing Christmas' and Thanksgivings with my family, so I guess you have to pay to play. Believe me not only are nurses be saddled with huge debts, but at least other careers like engineering or IT have a higher pay scale because they are not traditional "women" occupations. I know of many "union workers" with no more than HS diploma that make more than I do with better benefits. But they may have to work in a laboring field, outside in hot or cold but like I said before if riches I was after I would have choosen some other profession.
i don't know if it was from failed logins (i had forgotten that i had changed my password)... or if they locked me out on purpose. 
snicci
11 Posts
Sorry, I should probably be specific. The exclamation point after my name is on the status page after logging in. There is also an exclamation point after my name on the home page where it says "welcome", but I am guessing this is probably supposed to be there.