Anyone that has taken out student loans can you give me the basics?
June 27, 2010 by admin
Filed under Student loans
Never had to take one out before(been going part time for a year and half) but my husband and I make more money now just enough where grants only cover one class instead of two. Just some basic info on getting myself into a Student loan, I am a mom or I would go full time. Can you take out Student loans for university of phoenix online? I have been thinking of transferring so I can get done quicker.
Yes you can get loans to go to the UoP. However, you can get a degree at Harvard for less than what you will be paying UoPhoenix.
And the semester or two in time you will save will not earn you any more money from any future employer. Univ of Phoenix grads stand out in the workforce because they have proven they are incredibly bad at math and comparative shopping. To attend you will not only have to take the max out in federal loans, you will have to take out substandard Private loans as well. (Federal loans have limits on them for a reason. To keep people from borrowing more than what they can afford to pay back. ) There is nothing worse than talking to a recent “on line” grad with 160,000 worth of student loans who is now qualified to be a kindergarden teacher. (With loan payments of 1,600 a month!!)
You can take many classes on line at regular schools, and you can take a lot more classes a semester than what it sounds like you are doing. Usually, Up to 21 hours a semester (that is 7 classes) without special permission. A few long semesters of these and you’ll be done in no time.
Just my opinion, If you have decided (no matter what) to take out loans, I would go FULL time and get it over with. Otherwise you’ll probably reach your lifetime max loan amounts before you actually graduate. This is a good book about loans and the terms and rates and the max amounts you can borrow going full time so you can make a good decision.
I wouldnt suggest Univer of Phx, it is very expensive, but I know going full time and “getting it over with” is probably not an option or you would have already been going full time. But I would try and add one or two more online classes if you can then that way you may get done a little quicker. Here is a link to the federal student loan program, it will answer all your questions, I wouldnt take out a personal student loan to save my life especially since you already get some financial aid the Stafford loan should cover the rest. Good luck!