Second Degree Nursing Students

Published

Did you have a hard time getting another loan to finance your second degree? I'm concerned that when I'm ready to go for my Acc. Second Degree, I'm going to have a hard time getting loans. Has anyone had this problem, or is it easy to obtain more loan money for a second Bachelors Degree?

Up Vote Up Vote ×

I am starting NS in a couple weeks and it will be a second degree for me. I am hoping to get more stafford loans. I haven't recieved anything from financial aid yet, which is really annoying. I am going to go ahead and apply for a loan to cover the remainder, since as a second degree student I am not eligible for financial aid. I am applying through Wachovia for their zero fee loan.

Up Vote Up Vote ×

Werlp, Have you applied for the Stafford loans already but haven't gotten a response yet? The loan your going to apply for at Watchovia will be a personal loan right?

Up Vote Up Vote ×

You can get federal student loans for a second Bachelor's, but there is a limit as to how much the Federal government will allow you to borrow. You need to figure out how much you borrowed for your first Bachelor's and then find out how you are allotted in federal loans in lifetime.

That's my understanding of it.

Up Vote Up Vote ×

Thanks Loriann, who do I get that information from, how much you are allocated in a lifetime?

Up Vote Up Vote ×
Thanks Loriann, who do I get that information from, how much you are allocated in a lifetime?

I would start with the financial aid office at the school you will be attending. They should be able to give you websites to go to if they don't know themselves. As for an amount, the figure $43,000 keeps popping up in my head, but I'm not sure about that.

Good luck.

Up Vote Up Vote ×
Specializes in Med-Surg.
I would start with the financial aid office at the school you will be attending. They should be able to give you websites to go to if they don't know themselves. As for an amount, the figure $43,000 keeps popping up in my head, but I'm not sure about that.

Good luck.

I think it's $34,000.00, but you're right, the financial aid office would know best. I am a second degree student and I've tapped out at $34,000.00. Now, I'm on the "pay as you go plan!" :o

Here's a question I have... I've seen ads from employers stating they will pay off student loans. Does anybody know how that works?

Up Vote Up Vote ×
I think it's $34,000.00, but you're right, the financial aid office would know best. I am a second degree student and I've tapped out at $34,000.00. Now, I'm on the "pay as you go plan!" :o

Here's a question I have... I've seen ads from employers stating they will pay off student loans. Does anybody know how that works?

You'll probably have to sign a contract that says you have to work for them for a certain amount of time and they will agree to pay for some of your loans. I would be very careful about signing something like that, especially if you find you don't like the hospital after working there for a few months.

Up Vote Up Vote ×
Specializes in Med surg, cardiac, case management.

I believe Stafford Loans can go as high as $20,500 per year, regardless of need. And there's also the Perkins Loan, which I don't know much about.

I'm getting Stafford Loans and PLUS loans, although I think the latter are only available to grad students and parents of students.

Up Vote Up Vote ×
Specializes in Psychiatry.

I'm a second degree student. I'm half way through my BSN (60 cr hours complete) and I am no longer eligible for finanical aid/student loans through the fed. govt. My other Bachelor's degree was 120 credits and I transferred those classes to my current University, so I am ineligible for loans because of too many credit hours (180).

Up Vote Up Vote ×

Diane-RN what did you do for funds then?

Up Vote Up Vote ×
Specializes in ED, ICU, MS/MT, PCU, CM, House Sup, Frontline mgr.
Here's a question I have... I've seen ads from employers stating they will pay off student loans. Does anybody know how that works?

They don't. They have a set amount they will pay and if your debt falls into that then they technically pay off your loans. Most people do not fall under the amount set. So, most employers that reimburse DO NOT pay off entire loans. In fact, the hospitals near me will only reimburse $10,000 at most. However, tuition assistance programs seem to pay more, but only current employees qualify. Both programs require a contract. Contact the facilities near you to gain more information.

Third degree here! I am on the pay-as-you-go plan too. Good luck!

Up Vote Up Vote ×
+ Join the Discussion