View Full Version : School Loans
09-20-2007, 08:49 AM
I am trying to find out what options I have for school loans and living expenses while in the program. Can anyone tell me what the best options are to secure a school loan and a supplementary loan for living expenses. My wife is a nurse too but I don't think we can live off of her salary without some help with loans. I know that some schools offer money upfront for a few years commitment but I didn't know if this is my best option or just my only option?? Any advice you all offer is greatly appreciated.
09-20-2007, 01:58 PM
There are a CRAPLOAD of options after Stafford and Grad plus
Sallie Mae (pricey)
Just about ANY bank. If you have a good relationship with a bank I would goto them first and see what they will offer. The interest rate is often better than the Sallie Mae style Mafia loans.
09-20-2007, 02:56 PM
The first think we were told to do was to fill out the FAFSA online and have it sent to your school. Then my school sent me info detailing how much money I could get from Stafford, Plus loans, etc. It was a lot. Then I went and talked to the financial aid office at my school. They can tell you your options. Also several students in my class got money from their home state (at great rates) if they agreed to return to their home state to work. Bottom line, nobody in our class had any trouble getting plenty of money.
09-21-2007, 09:01 AM
Thanks for the response. I have heard so many people tell me to just go for it and not to worry about the money but I don't want to blow this off without fully researching what I need to do.
09-21-2007, 07:46 PM
From personal experience, I must tell you to avoid the Educated Borrower. It was terrible, we'll leave it at that! I had a wonderful experience with Chase, whom I have my federal loans through, and I also took a private loan to supplement living expenses. PM me with any questions:)
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