<p>I am looking at going to nursing school to get my rn that is in another city to be able to actually get into a nursing program, without a waiting list. I filled out my fafsa application, and as part of going to school full time is no longer having a full time job. I want to take out enough money to be able to pay for school, and to be able to meet my obligations to my house payment, car payment etc. I calculated that I would roughly need to take out 50k to be able to completely afford everything. Is this something reasonable I can expect to do or do I need to rethink my options in regards to be able to go to school.</p>
<p>Grad or undergrad? If it’s undergrad, you will only be able to take out Stafford loans up to your annual max (5500 fr/6500 soph/7500 jr-sr if dependent & 9500/10500/12500 independent). You might be awarded a health loan or Perkins loan if the school has them & you qualify under their formula for distribution. Otherwise, your only option is a private education loan. You can borrow up to the cost of attendance (which includes living allowances) through a combination of Stafford & other loans. No PLUS loan options for an independent undergrad.</p>
<p>If you are a grad student, you can borrow up to $20,500 in Stafford & you can borrow a Grad PLUS loan in the amount of COA-20500 (the Grad PLUS requires a credit check).</p>
<p>I would be going for my associates degree, so I believe that is classified as undergraduate. So what I am hoping to do does not sound realisitic than?</p>