Log In Sign Up

Loans to cover cost of living?


Forum: Student Mommies

Notices

Welcome to the JustMommies Message Boards.

We pride ourselves on having the friendliest and most welcoming forums for moms and moms to be! Please take a moment and register for free so you can be a part of our growing community of mothers. If you have any problems registering please drop an email to boards@justmommies.com.

Our community is moderated by our moderation team so you won't see spam or offensive messages posted on our forums. Each of our message boards is hosted by JustMommies hosts, whose names are listed at the top each board. We hope you find our message boards friendly, helpful, and fun to be on!

Reply Post New Topic
  Subscribe To Student Mommies LinkBack Topic Tools Search this Topic Display Modes
  #1  
July 2nd, 2011, 12:21 PM
Mega Super Mommy
Join Date: Oct 2008
Location: Loving Life In Maine
Posts: 1,817
Hi Ladies! I am new here and was wondering if any of you have experience with taking out loans for cost of living expenses while going to school full time?

A little background:

DH & I both work FT. We have a beautiful little girl who is two and we are also TTC #2. Ever since I was 6 I have wanted to be a nurse. I went to college for two semesters and dropped out as I was trying to work and go to school and found it too difficult. I have made a decent living but still want more. I know deep down that I cannot handle going to school and working FT- esp. since I'm now a mom. I have heard of people taking out loans to cover their cost of living making it possible for them to go back to school FT, any of you have any insight for me? Any and all would be greatly appreciated!
__________________
Ashley ~ Wife to Trevor, mom to Bailey & Aubrey
Reply With Quote
  #2  
July 3rd, 2011, 09:45 PM
Thismamaisonherway's Avatar Mega Super Mommy
Join Date: May 2011
Posts: 1,614
I just recently took out student loans to cover my living expenses as my job was way too stressful with my current pregnancy. Loans are part of your financial aid package. You should fill out a FAFSA and when the school you choose to go to is notified of what type of package you are eligible for, they will tell you if you can take out loans ( dont see why you wouldnt be able to ) and how much is available for you to take out any given semester.

Talk to financia aid they are usually pretty helpful and GL!!
Reply With Quote
  #3  
July 3rd, 2011, 11:06 PM
Member
Join Date: Jul 2010
Posts: 46
Yes! You gotta do whatever you gotta do to get through esp in this crappy economy! My husband and I BOTH took out student loans, grant, and financial aid for 5 years (with one child now 3 1/2 and me pregnant again due in aug). There was no WAY for me to work and utilize childcare with school on top of that too. So we took out loans (Rt now are loans are under 60,000 range which is not much for 5 years of living off of) We used WIC, foodstamps, and low cost childcare through the GAIN program.

We've learned how to be VERY resourceful with nearly nothing to our names. Either way it's a butt load of stress both going through at the same time (just saying it like it is) but hey my hubby's student loans are "hopefully" forgiven when he lands his first job and mine can be put off till I find a job as well (due to the two kids...FASFA will work with you on your situation)
Reply With Quote
  #4  
July 7th, 2011, 10:53 PM
MountainMomma's Avatar Platinum Supermommy
Join Date: May 2007
Location: Southern Iowa
Posts: 23,408
Send a message via Yahoo to MountainMomma
I am glad to see that we aren't the only ones in this situation. My husband and I are both in school full time. We both received full Pell, we were awarded small scholorships as well, so that covered the expenses of our actual schooling, but we went ahead and took out loans to cover our cost of living.

As an earlier poster mentioned, you learn how to be resourceful and you have to create a very strict budget and stick to it, but it can be done. Just remember that anything you take out will have to be paid back eventually, so do yourself a favor and don't take any more than you absolutely have to.
__________________

Thanks to Jaidynsmum for my new siggy!


Click on my blinkies to tour some of my favorite boards!
Reply With Quote
  #5  
August 12th, 2011, 10:25 AM
Super Mommy
Join Date: Oct 2010
Posts: 555
Between my student loans and pell grant, we manage to make ends meet without me working.
__________________
Amanda
Mom to:
Quinn - 10
Gavyn & Kendric - 8
Joseph - 18 months
Step-mom to:
Kiersten - 8
Reply With Quote
Reply

Topic Tools Search this Topic
Search this Topic:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -7. The time now is 05:14 AM.



Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0