Tuition
- Thread starter cassandra
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FloridaDad
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She needs to apply for the loans and get the denial letter. Once she has been denied you become and independent student, and more loans and aid will be available to you. You also need to apply for all the scholarships available to nurses, there are quite a lot.
And remember if you can get through the first two years on your own the Navy will pay you $10,000 plus $1,000 a month for the last 24 months of college if nursing is the major. I think the AF have a similar program but not 100% sure on the details.
Worst case scenario you get your degree and walk out of college with large(ish) loans. Because of your independent status none of them will require payments until six months after graduation. You can then get your nursing license and earn a decent income to pay the loans off OR direct commission and the military will pay them off for a three or four year commitment.
BTW - what are your other school choices?
Would the Navy pay my last two years through ROTC or OTS? This is a lot to think about. I contacted a recruiter for the National Guard even though I'm not 100% sure what it is and I will contact an NROTC instructor to ask about the Navy paying for my last two year (I won't put it so bluntly).
I'll let you guys know what I eventually do. I really appreciate your help.
FloridaDad
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You don't have to do ROTC classes, which is a big bonus. The service commitment is also less than ROTC.
The Nurse Candidate Program (NCP)
The Nurse Candidate Program provides a monthly stipend for full time students in accredited Bachelor of Science Nursing programs. Students can enroll after their sophomore year and receive an initial grant of $10,000 (paid in two installments of $5000 each), plus $1000 a month for up to 24 months.
http://www.med.navy.mil/sites/navmedmpte/accessions/Pages/NurseCandidateProgram_Prospective.aspx
Medical jobs are much harder to fill than unrestricted officer positions.
Not exactly correct
A PLUS denial does not make you an independent student but it will allow you to borrow additional unsubsidized Stafford loan, $4000 if you are freshman or sophomore status and $5000 when you are junior or senior status. Also the loans will not have to be paid while you are attending school but this is not because of being an independent as this is true for all students who are attending at least half time.
Also you will be able to afford your student loans no matter how much you borrow because repayment can be based on your income which allows for prorated payments if necessary.
A PLUS denial does not make you an independent student but it will allow you to borrow additional unsubsidized Stafford loan, $4000 if you are freshman or sophomore status and $5000 when you are junior or senior status. Also the loans will not have to be paid while you are attending school but this is not because of being an independent as this is true for all students who are attending at least half time.
Also you will be able to afford your student loans no matter how much you borrow because repayment can be based on your income which allows for prorated payments if necessary.
jjohnson55
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avoid all debt
Avoid student loans at all cost. They are killing the students coming out of school today. I have sent you a pm; look at it and think it through
Avoid student loans at all cost. They are killing the students coming out of school today. I have sent you a pm; look at it and think it through
Pima
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I agree with paradoxer, a denied parent does not make you independent.
The other thing to understand is the differences in loans. Some will accrue interest while you are in college (private), some will accrue only after you graduate.
I am not sure this still exists, but I knew people yrs ago that since they were in the military, they were given an extension before pay back time. The reason why is not every cadet will go AD right away, it could be 6-9 months of a wait time, whereas, the repayment terms usually begins 6 months after graduation. They will allow them to delay it to begin 6 months after they go AD.
Again not sure that exists anymore, but at least that use to be true.
The other thing to understand is the differences in loans. Some will accrue interest while you are in college (private), some will accrue only after you graduate.
I am not sure this still exists, but I knew people yrs ago that since they were in the military, they were given an extension before pay back time. The reason why is not every cadet will go AD right away, it could be 6-9 months of a wait time, whereas, the repayment terms usually begins 6 months after graduation. They will allow them to delay it to begin 6 months after they go AD.
Again not sure that exists anymore, but at least that use to be true.
New Repayment Options Available
This should not be happening as you can repay based on income. Everyone even with low or no income can afford their federal loans.
Marist College ROTC
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sember5,
Thank you thank you thank you! I'm not to sure what the national guard is because my JROTC instructors never mentioned it. The way your son is doing is seems like a great idea. He may have to defer college by a semester but that's better than a whole year.
It's not what I wanted but I will definitely contact them and get the process started. I see that you need eight years of service; If ROTC counts as four than that's just great!
I can't wait to tell my mother! I'm a little bit relieved
Cassandra,
If you joined NY Army National Guard and completed Basic Training then you would be able to attend any NY state school with tuition paid for. You would still have to pay rent or room and board. Many states have similar arrangements with the National Guard.