Please help with info on paying for nursing school, grants, loans ect.

Posted

Hey guys, I need your help. My wife and I are both doe with our 2nd year, but we are lookinf or info on paying for our school through grants, scholarships stuff like that. Do you have any advice or reccomendations.

I have heard many people say they got their whole schooling paid for free.

Any advice?

tookewlandy

tookewlandy

727 Posts

Have you filled out the FASFA

KaraBear1121

KaraBear1121

57 Posts

fill out your schools fafsa and see what grants you qualify for.. also, stafford loans (gov't loans with deferred payments) are great!!! you can use them for anything related to school (mine are for daycare b/c my financial aid covers everything else) this is how my college describes stafford loan: (there are two types)

unsubsidized federal stafford loans

this loan does not require financial need, however you must first establish eligibility for need-based financial aid by completing all necessary applications. interest will accrue at a variable rate on this loan while you are in school. you must repay the loan, accrued interest and current interest beginning six months after you leave school or drop to less than half-time status. you must meet all basic eligibility requirements and be enrolled in at least six credits per term. dependent students with less than 24 credits at the time of application may borrow up to $2,625 per year in combined subsidized and unsubsidized loans, not to exceed the cost of education less other financial aid. students with more than 24 credits at the time of application may borrow up to $3,500 per year in combined subsidized and unsubsidized loans, not to exceed the cost of education less other financial aid. independent students may also borrow an additional $4,000, not to exceed the cost of education less other financial aid. aggregate total $23,000. these loans are subject to an origination of guarantee fee of 3% of the approved loan amount. the fee will be deducted from loan proceeds before disbursement. owc students may be required to fill out additional information for an unsubsidized loan. this may include a letter of justification with adequate documentation and a budget worksheet.

subsidized federal stafford loans

this loan requires unmet financial need. the federal government will pay the interest while you are enrolled in school, and you must repay the loan plus a variable interest beginning 6 months after you leave school or drop to less than half-time status. you must meet all basic eligibility requirements and be enrolled in at least six credits per term. students with less than 24 credits at the time of application may borrow up to $2,625 per year or the amount of unmet financial need, whichever is less. students with more than 24 credits at the time of application may borrow up to $3,500 per year or the amount of unmet financial need, whichever is less. aggregate total $23,000. these loans are subject to an origination of guarantee fee of 3% of the approved loan amount. the fee will be deducted from loan proceeds before disbursement.

also, apply for scholarships!! try your college's financial aid office first, you may have missed the deadline.. you can go to http://www.fastweb.com you fill out a looong questionnaire about your history, education, medical problems, family schooling, ect. and it gives you a list of all the scholarships open to you.. for example, i have a rare blood disorder and (i didn't know this) but there are scholarships open for me because of it (offered by organizations that fund research ect.) also, i'm the first to go to college in my family so there are scholarships for that...

and--

check out this website http://bhpr.hrsa.gov/ it talks about lots of opportunities for grants, scholarships, and loan forgiveness.. loan forgiveness is a program that when you graduate you go to work where there is a nurse shortage (you can see if your area has a shortage.. most areas do) then they will pay certain amounts of your student loans... in my state (fl) there is a loan forgiveness program that will pay $4000/yr for 4 years towards loan principals..

anyways, your best bet is to go in and talk with your school's financial aid office.. they are there to help!

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