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No specific advice but make sure to check out the grants and scholarships for single mamas or need based first.<br><br>
And one thing I did differently after becoming a single mama was go to a lower cost (but still high quality) college which equals more money in my pocket instead of to the private college I was at.
 

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earthie_mama, check my recent post on the Working and Student Mamas board -- if today's testimony in front of a House committee is any guide, you can expect credit markets to be tight enough to exclude all borrowers except those with excellent credit scores and good income/debt ratios. At this point nobody seems to be prepared to step in with significant extra money for poor/debt-ridden students, including single mothers. You may need to find a backup strategy for Fall.<br><br>
Federal loans will still be available through the Dept of Ed; the problem will be finding private lenders.<br><br>
The probs are not imaginary, btw. I'm still able to refi my mortgage, but only because I have high equity, no debt, and excellent credit, and the rate is nothing to be excited about; the rates will be going higher as inflation accelerates. And it will over the next year or so, for a number of reasons.
 

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Discussion Starter · #4 ·
thanks <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/smile.gif" style="border:0px solid;" title="smile"> I actually am eligible to get most of my education covered by grants, I was going to use the loans to survive and thats it. Lucky for me I have excellent credit, howeve my name is on a few debts tha I won't be paying (thhey're my ex's responsibility) so we;ll see . I was thining for this summer, I need to be able to stay home with my mabby for a year. So that was my plan, we'll see. Maybe I better get a loan quick lol before much changes.<br><br>
ETa: anyone know antyhint gabout astrive? <a href="http://www.astrive.com/?" target="_blank">www.astrive.com/?</a>
 

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I am just at the community college level, but I am going to be taking out some loans to help us get through so I don't have to go to work on top of school full time. I would never get to see my kids, and that would be bad for them too. I am just taking them out via the dept of ed though, along with some grants that are available. I may look into scholarships too. I am doing really well so far academically. <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/smile.gif" style="border:0px solid;" title="smile">
 

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You can get a lot of money in student loans through your college without going anywhere else. The more credits you have completed the more you are eligible to get and you can get an extra loan for daycare. If you go to the financial aid office at your university they can tell you how much you qualify for and how to get more if you need and qualify for it.
 

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<div>Originally Posted by <strong>earthie_mama</strong> <a href="/community/forum/post/10802170"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">Can you use federal loans for room and board?</div>
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once you get them and your tuition/fees are payed, you can spend the loan money on anything you want.<br><br>
I did this to the tune of $50,000 worth of loan debt. On the one hand it was worth it because it allowed me so much more time with DS. But paying it back will be a loooong, difficult process I'm sure. I wouldn't recommend doing it, especially not for as long as I did. Get on the waiting list for rental assistance and get food stamps to cover those two major expenses before you put yourself in debt.
 

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<div>Originally Posted by <strong>mama41</strong> <a href="/community/forum/post/10792298"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">earthie_mama, check my recent post on the Working and Student Mamas board -- if today's testimony in front of a House committee is any guide, you can expect credit markets to be tight enough to exclude all borrowers except those with excellent credit scores and good income/debt ratios. At this point nobody seems to be prepared to step in with significant extra money for poor/debt-ridden students, including single mothers.</div>
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And this is new? <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/headscratch.gif" style="border:0px solid;" title="headscratch"> Seems to me it's always been like that.
 

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I am going into nursing...does anyone know for sure if loans can be forgiven if you volunteer time after you are out of school?
 

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<div>Originally Posted by <strong>nataliebassoon</strong> <a href="/community/forum/post/10798478"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">if you can, use federal stafford loans to live on rather than private ones. The interest is much lower, and is often deferred until graduation.</div>
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<img alt="" class="inlineimg" src="/img/vbsmilies/smilies/yeahthat.gif" style="border:0px solid;" title="yeah that">:<br><br>
I have not taken out many loans but all of mine are Stafford loans which were lower than private. Interest is paid by the state or deferred depending on the stafford loan type.<br><br><div style="margin:20px;margin-top:5px;">
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<div>Originally Posted by <strong>mz_libbie22</strong> <a href="/community/forum/post/10802266"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">once you get them and your tuition/fees are payed, you can spend the loan money on anything you want.<br><br>
I did this to the tune of $50,000 worth of loan debt. On the one hand it was worth it because it allowed me so much more time with DS. But paying it back will be a loooong, difficult process I'm sure. I wouldn't recommend doing it, especially not for as long as I did. Get on the waiting list for rental assistance and get food stamps to cover those two major expenses before you put yourself in debt.</div>
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Yes the money is yours after tuition and fees are paid but check with your schools financial aid office. The funds are give to the college and then the college gives it to you.... they all have different processes. My friend would not get the left over money until the end of each year or semester, mine breaks it up instead of one lump payment, etc. To be safe, ask!<br><br><div style="margin:20px;margin-top:5px;">
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<div>Originally Posted by <strong>mamamoo</strong> <a href="/community/forum/post/10804085"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">I am going into nursing...does anyone know for sure if loans can be forgiven if you volunteer time after you are out of school?</div>
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I have heard both nursing & teaching allows for loans to be forgiven by working/volunteering in an inner city area.... from what I have seen for teacher they give you a stipend in exchange for your time. The stipends I saw were OK but I think you could make more in your actual career and just pay the loan. The programs that forgive are private I believe so I would suggest research programs and seeing what they offer.....<br><br>
Can anyone chime in on programs like this for nurses or teachers?
 

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In my state, california, nursing loans are only forgiven if you work for state prison's or mental hospitals for a certain amount of time. I do know you can look for places that will hire you with the added bonus of covering your loans.
 

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<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;">
<div>Originally Posted by <strong>mz_libbie22</strong> <a href="/community/forum/post/10802292"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">And this is new? <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/headscratch.gif" style="border:0px solid;" title="headscratch"> Seems to me it's always been like that.</div>
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Borrowers will find the bar's set much higher this summer/fall. Even if you qualified before, unless you've got stellar credit and low debt, it sounds like you're going to have some trouble in the private markets.
 

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Discussion Starter · #15 ·
Good to know! I'm not intereseted in living in their housinfg projects, I'd reather live in a co-house type living situation, and you bet I'll be getting food stamps, but I think they require you to work if you do, and if that's the case then that defeats the purpose for me.... so we'll see. I don't care about debt to be honest, I'm trying to get out from the typical enconomical lifestyle.... more to salvaging, living very frugually, and I'll build up the debt and likely get the loans forgiven since I',m going into teaching for special ed. if not, at least it goes away when you die right <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/wink1.gif" style="border:0px solid;" title="wink1"> I'll only ned like 500 a month, so I don't think my debt will reach 50,000 for a loong time, and I only need to not work until this next baby is a year old at least. Two years tops.... then I can work part time, and rely on loans even less. Ideally it's cool not to get into debt, but it feels right to me right now, like my solution.<br><br><br>
So how do the federal loans work? They give you the ceheck and uyou pay for it?<br><br><div style="margin:20px;margin-top:5px;">
<div class="smallfont" style="margin-bottom:2px;">Quote:</div>
<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;">
<div>Originally Posted by <strong>mz_libbie22</strong> <a href="/community/forum/post/10802266"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">once you get them and your tuition/fees are payed, you can spend the loan money on anything you want.<br><br>
I did this to the tune of $50,000 worth of loan debt. On the one hand it was worth it because it allowed me so much more time with DS. But paying it back will be a loooong, difficult process I'm sure. I wouldn't recommend doing it, especially not for as long as I did. Get on the waiting list for rental assistance and get food stamps to cover those two major expenses before you put yourself in debt.</div>
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So you only need $500 a month? I get $4400 a year in grants. So that is $2200 per semester. I get my tuition waived because i am so low income and my books are covered too. So that means i have $2200 for Aug-Dec and then $2200 for Jan-May. Maybe you won't need loans yet.
 

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<div style="margin:20px;margin-top:5px;">
<div class="smallfont" style="margin-bottom:2px;">Quote:</div>
<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;">
<div>Originally Posted by <strong>earthie_mama</strong> <a href="/community/forum/post/10822280"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">Good to know! I'm not intereseted in living in their housinfg projects, I'd reather live in a co-house type living situation, and you bet I'll be getting food stamps, but I think they require you to work if you do, and if that's the case then that defeats the purpose for me.... so we'll see. I don't care about debt to be honest, I'm trying to get out from the typical enconomical lifestyle.... more to salvaging, living very frugually, and I'll build up the debt and likely get the loans forgiven since I',m going into teaching for special ed. if not, at least it goes away when you die right <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/wink1.gif" style="border:0px solid;" title="wink1"> I'll only ned like 500 a month, so I don't think my debt will reach 50,000 for a loong time, and I only need to not work until this next baby is a year old at least. Two years tops.... then I can work part time, and rely on loans even less. Ideally it's cool not to get into debt, but it feels right to me right now, like my solution.<br><br><br>
So how do the federal loans work? They give you the ceheck and uyou pay for it?</div>
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The school gets the money, takes out what they need, then writes you a check for the remainder. As far as food stamps, since you are preggo right now, you can't work, and they gve you time. You have to be "looking" for a job. So pic up the paper and read the classifieds, or apply somewhere you know wont work out, and you are "looking" for a job. They are not going to take food from the mouths of a student mama or her kids, at least not in my experience. You can get WIC, too, if you like juicy juice, cereal, peanut butter and milk (and have ampl storage for said items) I am also looking to start co-housing, if I can, or switching to a school with better housing.<br><br>
Good luck, and if you find out somethiing useful, let the rest of us know <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/orngbiggrin.gif" style="border:0px solid;" title="orange big grin">
 

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<div style="margin:20px;margin-top:5px;">
<div class="smallfont" style="margin-bottom:2px;">Quote:</div>
<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;">
<div>Originally Posted by <strong>earthie_mama</strong> <a href="/community/forum/post/10822280"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">Good to know! I'm not intereseted in living in their housinfg projects, I'd reather live in a co-house type living situation, and you bet I'll be getting food stamps, but I think they require you to work if you do, and if that's the case then that defeats the purpose for me..<br><br><br>
So how do the federal loans work? They give you the check and you pay for it?</div>
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In minnesota, you can get food stamps for 3 months without a job and after that you have to work or spend the equivalent of 20 hours/week looking for a job, each job application filled out=1 hour and interview=2 they will cover gas and transportation costs to look. There's a ton of food shelves and things of that nature though.<br><br><br>
I had a federal student loan through my local bank, financial aid covered all my tuition and the loan covered my housing/living costs plus and extra 600/semester. It does not collect any interest as long as you are going at least half time (6 credits) and you don't have to make payments for 6 months after graduation, they have deferments and forbearances and other things which are explained more thoroughly here- <a href="http://www.staffordloan.com/" target="_blank">http://www.staffordloan.com/</a>
 

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I'm in WA I am getting food stamps without working. No one has ever mentioned having to get or look for a job...I am going to school, but I don't think that was a requirement or anything either.
 
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