Loans

[DPT Student]

Can anyone tell me if you can or they have ever had loans pay for everything for school?

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Members don't see this ad.

 

[Grue1some]

Can anyone tell me if you can or they have ever had loans pay for everything for school?

There are tons of other scholarship, grants, loan sites. If you pick a loan make sure it has a low interest. You do want to have a life and not ride the school bus to work
http://nhsc.bhpr.hrsa.gov/jobs/
Sallae Mae
Bank

http://www.allalliedhealthschools.com/faqs/ptscholarships.php


While the pay scales in physical therapy and physical therapy assisting are excellent, students still need to find ways to pay for their education.
For a 2-year physical therapy assistant program at a community college, the cost for tuition and fees are likely to run from $7,000 - 10,000. For a 2 1/2 year doctoral program at a private university, a student may incur over $100,000 in costs.


Scholarships

Many employers will pay some or all of tuition costs for those who are already employed in the field and wish to upgrade their skills. In areas where physical therapists and PTAs are in high demand, you may be able to negotiate a cash bonus when you're hired, to help repay loans or education costs.
The American Physical Therapy Association (APTA) offers an Education Loan program, as well as grants for advanced education and research. The APTA Web site has extensive resources for students and prospective students, including links to online information about grants, scholarships, and student loans.
American Physical Therapy Association
1111 North Fairfax Street
Alexandria, VA 22314-1488
http://www.apta.org/AM/Template.cfm?Section=Home

Federal Loans and Grants

Federal PELL grants are available to undergraduates who have not earned a professional degree, and can be applied to PTA certification for students who qualify. Most federal grants and loans, such as FSEOG, Work-Study, Stafford Loans, and Perkins Loans, are also available to undergraduate and graduate students.
Ask schools you apply to about their financial aid deadlines and make sure the paperwork is submitted as early as possible. The federal loan process takes a while to get through, but other loans (such as the START loan), may be processed in just a few days.
To apply for most types of financial aid, you must complete the Free Application for Federal Student Aid (FAFSA) form. You can obtain these from a college financial aid office, a local public library, the Federal Student Aid Information Center (at 1-800-433-3243), or online from www.fafsa.ed.gov. The FAFSA should be submitted as soon as possible after January 1 for the next school year.

School Spotlight

Grants
http://www.lib.msu.edu/harris23/grants/3therapy.htm

 

[Grue1some]

Kitty Rodman Award of Excellence

1. Application Deadline: May 15th of first year
2. Selection criteria
a. Second year student
b. Demonstrates financial need
c. Completion of UNLV Scholarship application
d. Graduate student in UNLV Physical Therapy Program
e. Minimum UNLV GPA of 3.5 and in good standing with the Physical Therapy Program
f. Must submit a one page statement explaining professional goals
3. Award amount: Varies (~$1000)
WICHE (Western Interstate Commission for Higher Education) - Rural Health Scholarship(s)

1. Application Deadline: Fall - specific date TBA
2. Selection Criteria
a. First year student
b. Resident of the state of Nevada
c. Must serve two years as a physical therapist in a rural or underserved area in Nevada in a five-year period of time after graduation and licensure
d. All qualified interested parties will be considered
3. Award amount: Full tuition for every semester enrolled in Program
4. Four awards given per year
Mary Vern Bennett Scholarship

1. Application Deadline: Fall - specific date TBA
2. Selection Criteria
a. Two second year students
b. Completion of application form
c. Statement of academic goals, career enhancement with degree, and a biographical sketch
3. Award amount: $1500/semester

I & W Outstanding Achievement Award

1. Chosen annually by the faculty
2. Given at the graduation banquet to the most outstanding student in the Program
3. Award amount: $3000.00
* Note: These are general guidelines. Specific guidelines for each scholarship will be announced in class or via intradepartmental written correspondence.
Other Financial Aid
Each student will receive The Graduate Student Handbook, which contains information pertaining to grants and scholarships available through the Graduate Student Association and the Graduate College, long term, low interest educational loans, grants and employment programs. Loans available to graduate students include: Federal Perkins Loans, Federal Direct Subsidized Loans, and Federal Direct Unsubsidized Loans.
Click here to go to the UNLV graduate college financial webpage.
Information about financial assistance provided through the APTA and special support offered through the Western Interstate Commission for Higher Education (WICHE) will be on reserve in the department library.
APTA Financial Resource Guide
List of scholarships, awards, fellowships, and grants for students and physical therapists, including a section specifically listing information for students who are minorities. Updated annually. This Guide is on file in Department of Physical Therapy Resource Library BHS Room 220.
Graduate Assistantships
Several graduate assistantship awards are available to second year physical therapy students. Interested students should apply through the Graduate Coordinator and Graduate College by April 1st of each year

 

[Grue1some]

SOURCES FOR FINANCIAL AID (Physical Therapy)​

PROFESSIONAL SCHOLARSHIPS
American Physical Therapy Association
Foundation for Physical Therapy, Foundation Awards and Scholarships
Web Link
1111 North Fairfax StreetAlexandria, VA22314-1488
Telephone (703) 684-APTA (2782)
800/999-2782 ; (703)683-6748 (TDD) * (703)684-7343 (Fax)
The Foundation's mission is to fund research that supports the development of evidence-based physical therapist practice; enhance the quality of physical therapist services for patients and clients; increase the number of physical therapy researchers; and secure a donor base to support the Foundation's efforts. Please check the scholarships link at www.apta.org for current opportunities.
Another resource is the Foundation Center Library, 79th Fifth Avenue, New York, NY10003, http://www.fdncenter.org.
AMBUCS Scholarships for Therapists
http://www.ambucs.com/scholars/program_information.aspx
AMBUCS offers scholarships to students (U.S. citizens) in their junior/senior year in a bachelor’s degree program, or a graduate program leading to a master’s or doctoral degree. Awards range from $500 to $1,500 annually. There is one two-year award in the amount of $6,000. Approximately $225,000 is awarded annually. Grants are deposited each semester to the student’s credit account with the financial aid office of the institution.


AmericanAcademy of Physical Therapists
http://www.aaptnet.org/home/index.php?id=26&sec=education-nav
Up to a maximum of $1000.00 for physical therapy students (The "Academic Award of Excellence" is presented to the physical therapy student(s) and/or physical therapy assistant student(s), who are members of the AAPT and who exhibit a true concern for the healthcare of minority individuals, displays excellence in academic achievement and fulfills all requirements for consideration. level DPT).
Doctor of Physical Therapy Visionary Foundation inc.

http://www.dptvision.org/soderberg.html
Each year, the DPT Visionary Foundation awards the Gary L. Soderberg Doctor of Physical Therapy Visionary Award. The award is a national scholarship established in honor of Dr. Gary Soderberg, the founding director of the first professional Doctor of Physical Therapy program. Applications are available for professional students who are in their final year of study at any entry-level doctoral program in physical therapy.
Association of Schools of Allied Health Professions (ASAHP) www.asahp.org
Scholarship of ExcellenceDeadline: April - May
Criteria: academic achievements, service to the institution and community leadership, extracurricular activities, evidence of strong communication skills
Process: faculty selects a MPT nominee; DAHS committee selects one nominee from all the Divisions
Amount: $1000
Secretary's Award
Deadline: January - February
Criteria: an interdisciplinary project which focuses on an approach in
which students from 2 or more disciplines collaborate with a goal
of fostering inter-professional interactions that improve health of
the individual patient or community and enhance the practice of
each discipline
Process: ASAHP selects the 10 best national papers
Amount: $7500-$15,000

FEDERAL and State scholarships

• The New York State Education Department offers the Regents Professional Opportunity Scholarship Program to students who are members of minority groups historically underrepresented in the licensed profession.

• The U.S. Department of Health and Human Services offers the Indian Health Scholarship program, the purpose of which is "…to obtain health professionals to meet the staffing need of the Indian Health Service in health manpower shortage areas." This program provides financial assistance for Native Americans in selected health care professions. Physical therapy is one of the "Priority Careers" supported by this program. A service obligation is required.

• The Department of Veterans Affairs (VA) offers Health Professional Scholarships in selected health care areas, including physical therapy. The purpose of this program is to assist in providing an adequate supply of health care professionals for the Department of Veterans Affairs and the nation. A two-year service obligation in a VA medical center is required.

Service Scholarships
· New York City Board of Education Scholarship Program offers full-tuition scholarships to presently enrolled entry-level students in exchange for 18 months of service for each year of scholarship support received. Upon employment, the recipient's salary is at the rate then in effect for all entry-level therapists. The scholarships are competitive based on academic performance, work/volunteer experience and a personal interview. More information can be obtained from the Office of Related and Contractual Services, New York City Board of Education, 110 Livingston Street, Room 536, Brooklyn, NY11201.
The deadline for receipt of applications is May and interviews are held in June.
· KingsCountyHospital, Department of Rehabilitation Medicine and Education and Training This is a forgivable loan program that will pay for tuition during the professional phase of the program. The student's commitment is 2 years paid service for each year that is funded. Students must be in good academic standing with a minimum grade point average of 3.00. Contact: Carol Wilson-Smith; E-mail: [email protected], phone: 718-245-7298 or 7297
Additional resources for Scholarships and Loans
The following organizations offer additional professional opportunity scholarships to physical therapy students and are available by direct application to the agencies concerned.
Careers and Colleges Scholarship Searchhttp://www.careersandcolleges.com/
Find college scholarships and grants with our scholarship search at no cost to you.. Explore 1.7 million scholarships worth $7 billion. Search for minority scholarships and financial aid. Discover government and minority grants, and other funds for college. Includes a loan finder too.


Alliance of Poles of American
6966 Broadway Ave.Cleveland, Ohio44105
http://www.allianceofpoles.com
AAUW Educational Foundation
Dept. 602201 N. Dodge St.Iowa City, IA52243-4030
Telephone (319) 337-1716 ext. 60
http://www.aauw.org/fga/index.cfm
E-mail [email protected]
American Business ClubP.O. Box 5127High Point, NC27262
Telephone (910) 869-2166
http://ambucs.com/Ascholars.htm
American Medical Women's Association801 N. Fairfax Street, Suite 400Alexandria, VA22314
tel: 703-838-0500 fax: 703-549-3864
http://www.amwa-doc.org/students.htm
Ethel Louis Armstrong Foundation
Deborah Lewis, Executive Director
Ethel Louise Armstrong Foundation, Inc.
2460 North Lake Ave.
PMB #128
Altadena, CA. 91001
626-398-8840
Email: [email protected]
http://www.ela.org/scholarships/scholarships.html
Business and Professional Women/USA
1900 M Street, NW, Suite 310
Washington, D.C. 20036
Telephone (202) 293-1100
http://www.bpwusa.org/i4a/pages/index.cfm?pageid=4553
Joseph Collins Foundation
Attn: Secretary-Treasurer
153 East 53rd StreetNew York, NY10022
Joanna F. Reed Medical Scholarship Trust
c/o South Alabama Trust Company Inc.
Ms. Elaine Catoe
P.O. Box 469
Brewton, Alabama 36427-0469
Greek Women's University Club
Barbara Kariotis-Javaras, Artemis Spellman
Scholarship Chairpersons
7223 Oak StreetRiver Forest, IL60305
John Gyles Education AwardPO Box 4808, 712 Riverside DriveFrederictonNew BrunswickCanadaE3B 5G4
(506) 459-7460
http://www.johngyleseducationcenter.com/2006-Application.doc
Hawaii Community Foundation
Attn: Scholarship Department
1164 Bishop Street, Suite 800Honolulu, HI96813
Telephone (808) 537-6333
Fx (808) 521-6286
Toll Free (888) 731-3863
http://www.hawaiicommunityfoundation.org/index.php
Email: [email protected]
National Medical Fellowships
http://www.nmf-online.org/index.html
National Society Daughters of the American Revolution
http://www.dar.org
The Roy and Roxie Campanella Physical Therapist Professional Education Scholarship Program
2995 Gateway Oaks Dr.
Ste 200
Sacramento, CA 95833
Telephone (916) 989-2782
The Schechter Foundation
10 RockefellerPlaza, Suite 1011, New York, NY10020Scholarship awards. Apply April-June prior to enrollment.
Jewish Foundation for Education of Women
330 West 58th Street, New York, NY10019
Scholarships and/or loans. Deadline January 31.
Leopold Schepp Foundtion551 Fifth Avenue, Suite 2525, New York, NY10176
Scholarship awards. Deadline December 31.
The Roothbert Fund, Inc.475 Riverside Drive, Room 252, New York, NY10115
Attention: The Secretary
Scholarship awards. Deadline March 1.
Hattie M. Strong Foundation, Inc.1625 Eye Street, NW, Suite 705Washington, DC20006
Interest-free loans for students in their final year of study. Deadline March 31.
America Mensa Education and Research Foundation
3437 West 7th Street, Suite 264Fort WorthTX76107
Attention: Scholarship Chairman
Scholarship awards. Deadline January 31.
The Bill Raskob Foundation, Inc.
PO Box 4019, Wilmington, DE19807
Interest-free loans. Deadline May 1.
International Order of the King's Daughters and Sons
6024 East Chicago Road, Jonesville MI 49250
Attention: Mrs. Merle Raber, Health Careers Director
Scholarship awards. Deadline April 1.
National Hispanic Scholarship Fund
PO Box 748, San Francisco, CA, 94101
Scholarship awards. Deadline September.
National Society Daughters of the American Revolution4692 Cypress Drive, Brunswick, OH44212
Attention: Mrs. Rudolph J. Seifert, DAR Scholarship Committee
Scholarship awards. Deadline September 1.
Japanese American Citizen League
1765 Sutter St., San Francisco, CA94115
Scholarship awards. Deadline April 1.
Jane Walter Award for Academic Excellence www.rehabmanager.com

Criteria: recognition of demonstrated excellence in both an academic program and within the community
Process: information on-line
Amount: $3000
The Learner's Advisory Service
Mid-Manhattan Library
41st Street at 5th AvenueNew York, NY10001
(212) 340-0836

Excalibur Foundation
Round Table International
3430 Baker StreetSan Francisco, CA94123
Applications for the Excalibur Foundation are accepted prior to April of each year for students enrolled in a Physical Therapy program. The Excalibur Foundation offers $1,000 scholarships. For application and information, contact the Excalibur Foundation.

 

[Grue1some]

Physical Therapy Student Grants



Stretching Your College Budget?
Physical Therapists engage in careers that use their services and training in a variety of environments including sports environments, hospitals, extended care facilities, rehabilitation centers and nearly any environment that addresses physical mobility issues.
The work of a physical therapist may include helping athletes rehabilitate injuries or assisting hospital patients with functional physical movements. Their education also includes pain management and prevention of injuries.
Physical therapists are professionally required to hold Masters degrees, or Ph.D. degrees. As the aging American population increases, but refuses to slow down, there will be ever increasing demands for physical therapists. There are two different career levels: Physical Therapist (PT) and Physical Therapy Assistant (PTA). The income of most physical therapists working in hospitals or nursing homes is between $55,000 and $65,000.
Physical therapy assistants will find two-year community college and professional programs appropriate for their career needs.
Colleges and Universities

Students interested in a physical therapy career should shop carefully for college programs. Two-year community college programs may adequately train physical therapy assistants, but physical therapists will find four-year and graduate programs to be quite competitive. Request information related to scholarship, grant, work-study and internship programs from any college to which you are applying:

• University of Nevada at Las Vegas' School of Allied Health Sciences offers the Kitty Rodman Award. This grant is awarded based on financial need and to a sophomore level PT student who has maintained a GPA of 3.5. UNLV also sponsors the Rural Health Scholarship. Grant candidates must be freshmen entering the program from a disadvantaged background, and residents of Nevada. The grant provides the recipient with complete program tuition.
• The University of Maryland's Department of Physical Therapy and Rehabilitation Science sponsors the Kendall Scholarship fund. The Kendall Scholarship helps to subsidize a student's undergraduate studies within the PT program.

Private Organizations

Private professional organizations that support the education, advancement and career interests of Physical Therapists should be an integral part of every aspiring PT student's fund discovery strategy. The following is a brief list of organizations that support the efforts of PT students:

• The Special Olympics is one of the most reputable organizations in the world. Their work with physically and mentally challenged individuals is unrivalled. The Special Olympics Health Professions Student Grants are awarded to any type of student who is actively enrolled in a health sciences degree program - undergraduate, graduate, doctorate, post-doctorate - including PT students. Grants are awarded first to those individuals who are engaged in studies aligned with the goals of the Special Olympics.
• The American Physical Therapy Association administers research and doctoral studies grants to students pursuing advanced degrees within the field of Physical Therapy. Founded in the 1930s, the American Physical Therapy Foundation supports active industry professionals, as well as education, research and career development for PTs.
• The Wisconsin Physical Therapy Association provides a stipend intended to help defray costs incurred during the last year of studies for both physical therapy students and physical therapy assistant students. Grants are need-based and awarded on an applicant-specific basis.
• The Texas Physical Therapy Education and Research Foundation administers grants for physical therapy doctoral degree programs. Post-graduate PT students as well as PT faculty may be eligible for these $1000 and $3000 grants. Candidates must qualify based on specific criteria, including a signed agreement to work in an approved institution as a faculty member or to work toward publication of a professional research-based article approved by the foundation.

National AMBUCS, Inc (Scholarship for Therapists)

Scholarships are awarded to students pursing careers in one of the following therapy disciplines physical therapy, occupational therapy, speech-language pathology or audiology. Applicants must be U.S. citizens, enrolled at the junior or senior under-graduate or graduate level in a program which qualifies the applicant for clinical practice in one of the following therapy disciplines (physical therapy, occupational therapy, speech-language pathology or audiology) and applicant must be able to demonstrate financial need. Awards range from $500-$1500. For information and an application visit http://www.ambucs.com/Ascholars.htm Application deadline is mid-April

NATIONAL SOCIETY DAUGHTERS of the AMERICAN REVOLUTION

Students must be doing well scholastically. Students must have a financial need. Student must be American Citizens. Award amounts vary with each scholarship. All applicants must obtain a letter of sponsorship from their local DAR chapter. Your state scholarship chairman will assist in locating the chapter nearest you. For Information send a stamped self-addressed business size envelope to obtain the name and address of your state scholarship chairman and an application for any of the Society's Scholarships. Address your request to: Office of Committees, NSDAR-Scholarships, 1776 D Street, NW , Washington , DC 20006-5303 Because of the high volume of requests they receive, the society will only send the information by return mail in the prepaid envelopes. They do not respond to phone or fax inquiries. Any correspondence regarding scholarships received without the stamped self addressed envelope will be destroyed.

The Society offers one-time awards of $500 in the following areas:

Nursing School Scholarships

Occupational/Physical Therapy Scholarship

Application deadline is mid-February and mid-August

For more information visit: http://www.dar.org/natsociety/edout_scholar.html

 

[Grue1some]

I think I overdid it, but I hope this info helped you.

 

[PREMEDWOAHS]

way too much time on your hands..

even though i was ready to make the same post

i need a hobby other than studying for summer classes.

 

[Grue1some]

Too much time? Dude, it only took me 5-10 minutes to find it.. hahaha
I know how to look for stuff. Just used my secret search engine and blam. Copy and paste.
Dont worry, I will be leaving soon and posting no more!

 

[Grue1some]

More stuff

http://www.va.gov/jobs/hiring_programs.asp#5

HEALTH CARE PROFESSIONALS

VA is a leader in U.S. health care. Many physicians, nurses, and other medical professionals began their careers in VA's more than 160 hospitals. In addition, VA conducts more than 10,000 research projects at 115 VA medical centers. VA hires physicians, dentists, optometrists, podiatrists, registered nurses, physician assistants, and 28 other health care professionals. There are several incentive programs aimed at attracting health care professionals:

• The Education Debt Reduction Program (EDRP) repays up to $44,000 in education loans for newly-appointed health care professionals in certain hard to fill occupations. Education loans must be used to pay for courses that directly lead to qualification for an appointed position.
• The Employee Incentive Scholarship Program (EISP) enables health care staff to continue their professional education in order to qualify for jobs that are in great demand within VA. Administrative/wage employee can also seek a degree as a licensed healthcare professional in hard-to-recruit occupations. Requires at least 1 year of continuous service in a permanent position.
• The National Nursing Education Initiative (NNEI) is a scholarship that encourages nurses with Associate degrees and diplomas to earn Bachelor of Science in Nursing (BSN) degrees. VA nurses who want to advance beyond Nurse Level 1 must earn a BSN degree. Requires at least 1 year of continuous service in a permanent position.
• The VA Learning Opportunities Residency (VALOR) is a program open to outstanding college nursing students who have completed their junior year. Through VALOR, they develop competency in clinical nursing by working at a VA health care facility.

For more information about any of these programs, please call the VHA Healthcare Retention & Recruitment Office (HRRO) at 1-800-949-0002.
Please contact your local VA medical center for the following locally administered programs:

• The Tuition Reimbursement Program is available to full-time VA employees who are enrolled in any accredited nursing degree program. This program also funds prerequisite courses required for acceptance into a degree program.
• The Tuition Support Program provides tuition for job-related courses for health care professionals in disciplines identified as VA shortage categories

Also do http://www.fastweb.com
-This site has poop loads of scholarships.

http://www.Collegeloan.com

 

[PT2MD]

Impressive responses.

 

[Grue1some]

Bump for scholarships
I read working through PT school so I figure I post something here with money for college.

Loans are here

http://www.educatedborrower.com/healthprof/benefits.html?sessionID
Health Professional Loan

Borrow what makes sense.
Health profession students, working towards an advanced degree or certificate, face the daunting task of paying for increasing tuition and fees. The Educated Borrower Health Professional Loan meets this challenge by allowing qualified students, enrolled in an approved health discipline, to
borrow the entire cost of education, less other financial aid received. A qualified student borrower, or a student borrower with a qualified co-signer, may borrow up to $60,000 per year and $240,000 in total.

What we're looking for are OUTSIDE THE COST OF EDUCATION LOANS. If a company disburses the money directly to the borrower - then it falls under this category.

These are for undergraduate--Graduate receives MORE MONEY

Wells Fargo Ed Connection/P.L.A.T.O.
- Annual amount 1,000 -25,000/year; no origination, disbursement, or repayment fees; interest from 5.75%-15.50% (depending on credit); can decrease your interest by 0.25-0.50% with auto-debit from checking acct.; decrease interest by 0.50% after 48 consec. monthly payments; 15 year repayment; $$$ disbursed to borrower

Suntrust - eMax Loan
- Annual amount 1,000 - 25,000/year; no fees (origination); interest from 6-15.5%; decrease interest by 0.25% with auto-pay; decrease interest by 0.5% with 48 month on-time payments; forgot to write down the repayment length; never got a hold of anyone to see if it's disbursed to the borrower or school

Bank of America - Education Maximizer
- 1500 - 30,000/year; Interest is figured with the Libor Index (couldn't find an exact interest rate); origination fees from 5-10.5%; proof of enrollment; proof of income; funds sent to borrower

PNC Bank - National Collegiate Loan
- 1500 - 30,000/year; interest using Libor Index + 4.65%-7.25%; origination fees 5-10.50%; repayment up to 20 years

Sallie Mae
- 1500 - 45,000/year; 20 year repayment; funds sent to borrower; supplemental fee from 5-10%; Interest from Prime + 1.5%-6%; fees and interest depends upon credit

Wachovia - Educaid Select Loan (???)
- 5,000 - 45,000/year; no origination fees; Prime+0%; unsure if it's an outside the cost of education loan. If anyone has info about this one please add on!

http://www.toptenussites.com/3/student-consolidation-lenders.html

http://www.loantolearn.com/Resources/Attending-College.aspx

http://www.salliemae.com/content/tuitionanswer/index.html

http://www.teri.org/

http://www.nextstudent.com/private_loans/healthcare_eligibility.asp
Health Professions Private Loan
For CREDITWORTHY borrowers (good credit)
-you can borrow up to 45,000 annually and must show proof of enrollment, satisfactory credit history, etc.
- Interest (depends on credit) - Creditworthy health professional - Prime +0%; origination fee of 6% (and it said an APR of 4.56% but I'm not sure if that's correct.. I would double-check that)
-Credit READY rates are slightly higher and have additional fees
-Funds sent DIRECTLY to borrower

http://www.medproloan.com/students/about_mplp/index.html
Attractive loan limits

• May borrow up to the cost of education less aid
• Aggregate maximum of $235,0001

Variety of eligible medical programs2
Favorable interest rate
No origination or application fee
Residency and Relocation loan is available
Nine-month grace period after borrower graduates or ceases to be enrolled at least half-time
Defer payments for up to eight years3
Up to 25 years to repay loan4
Access to dependable customer service representatives
Easy application process by phone at 1-800-826-5082 or on the Web
http://www.astrivestudentloans.com/?lkupcd=A15&cmpgn_cd=as124&web_ad_id=k357611&buf=999

http://www.collegeloan.com/content.aspx?cb=22

http://www.chaseed123.com/
$1,500 – $40,0001 available per year ($130,000 cumulative maximum) based on cost of attendance
Repayment can begin after graduation
Use your funds for any education-related expense including tuition, living expenses, books, fees, school supplies — even a computer or previous school fees

 

[jbizzle]

I am so lost. Just reading through this makes my head spin. I've searched other post also and they dont make sense to me.

I've never had to take out a loan nor pay back anything from undergrad. Now that January 1st is approaching people tell me to get the FAFSA started....is this right guys? I've filled it out before but I thought the loans come from the school I will be attending. Stafford subsidized and unsubsidized this and that.

I have one question, If I call the financial aid office for the school I choose to attend, there should be someone to walk me through all of this step by step right?

 

[markelmarcel]

I am so lost. Just reading through this makes my head spin. I've searched other post also and they dont make sense to me.

I've never had to take out a loan nor pay back anything from undergrad. Now that January 1st is approaching people tell me to get the FAFSA started....is this right guys? I've filled it out before but I thought the loans come from the school I will be attending. Stafford subsidized and unsubsidized this and that.

I have one question, If I call the financial aid office for the school I choose to attend, there should be someone to walk me through all of this step by step right?

I've never had to take out a loan for undergrad either. But yeah, the time of the FAFSA is nearly upon us. You must fill it out and then the results are sent to the school you are attending, and then they will contact you with what you are awarded. As far as if someone will walk you through it, I don't know... I could imagine someone would but they wouldn't be very happy about it. Have you filled out the FAFSA before for undergrad? (I did and my parents did a loan for me for my education, so nothing has my name on it). It's very basic- tells you everything you need and everything has little help buttons to further explain what they want you to fill in.

 

[jesspt]

100 years ago when I went to PT school, there were two contact people within financial aide that dealt with financing a PT school education. I got to know them well, and they walked me through the process. However, this was a small, private institution, so you may not get the same amount of contact if you're dealing with a larger university.

As far as if someone will walk you through it, I don't know... I could imagine someone would but they wouldn't be very happy about it.

I'm not sure that I would care about their hapiness - You're about to provide their employer with a sizeable amount of cash over the next three years. They need to get with the program and help you. After all, if they work in the Financial Aide Department, it would seems as though it is their job to assist you in procuring financial aide, right?

 

[markelmarcel]

I'm not sure that I would care about their hapiness - You're about to provide their employer with a sizeable amount of cash over the next three years. They need to get with the program and help you. After all, if they work in the Financial Aide Department, it would seems as though it is their job to assist you in procuring financial aide, right?

I highly doubt, with all the other things that financial aid deals with, that someone would be very happy about holding your hand thru the FAFSA when it's VERY thorough in explaining exactly what everything means. That's all I meant. I worked in an office near Financial Aid and they had a lot bigger things to deal with- like actually figuring out what loans you are eligible for, what that means, how to get more money/where to ask--- not fill out an online application with explicit instructions.

But yes, I wouldn't care if they were happy or not about it.

 

[jbizzle]

I should have made it more clearer. I didn't mean step by step as in filling out the FAFSA. I meant step by step as in what I can get and where I can get more, etc. Like, first you fill out the FAFSA, check, next you need to do this, then this, etc. I can fill out the FAFSA on my own lol.

 

[markelmarcel]

I should have made it more clearer. I didn't mean step by step as in filling out the FAFSA. I meant step by step as in what I can get and where I can get more, etc. Like, first you fill out the FAFSA, check, next you need to do this, then this, etc. I can fill out the FAFSA on my own lol.

yes, that is the job of the financial aid office. haha.

I wish someone would just give me money. I think I'm going to start going on game shows to win money. I just hope to God that I can get ONE loan that will cover EVERYTHING. Please and thank you.

 

[Liquidrats]

I looked at the sites listed and from what I can tell, there's nothing for DPTs in California. I'm looking at a school that's $90K - getting $1500/year in grants is nice but not a big dent. I need loans to live on, too, so $60K for three years? = $150K. Loan calculators project repayment of $1,500/month.

Is this insane? I talked to a guy who went to the same school - tuition has doubled in the past 10 years - DOUBLED! - and he's stressing about his $300/month payment.

If avg salary is $3,000-4,000/month, it seems doable (would still have more than I'm making now, sadly) but I'm also wondering if this is insane and I should give up and go for the *slightly* cheaper state school? Is everyone in this boat?

 

[jbizzle]

I would go with cheaper school. Your loan calculator said $1,500 a month???? For how long?

 

[hefe]

Loans don't go away 100k in debt is a sad place to be for a PT, let alone 150k. What about living expenses and undergrad debt? Most students have those too.

Those who haven't worked a real job, don't have a sugar daddy, or are not independently wealth should get real wised up about how hard that money is to pay back.

Try to shoot for tuition for 60k or less, you'll be much better off, and you won't have to sell your kidney to pay down debt.

There's tons of this on the net.
Law students (those lucky ones may get a paralegal at 60K yr with 150K debt). http://finance.yahoo.com/news/Is-La...3.html?x=0&sec=topStories&pos=9&asset=&ccode=

Many opinions/thoughts from real people with student debt.
http://roomfordebate.blogs.nytimes.com/2009/06/15/student-debt-fools-gold/?apage=1#comments

Various Articles
http://www.walletpop.com/2010/05/23/buried-under-student-loan-debt-one-post-grads-story/
http://www.edulender.com/twohundredthou/

Our nation's student debt as a whole.
http://www.finaid.org/loans/studentloandebtclock.phtml

Consequences of debt and its effects written out.
http://wakeupfromyourslumber.blogspot.com/2006/05/methods-in-student-debt-slave-torture.html

150K for a PT is insane and completely unnecessary, and paying back on your principal and years of accrued interest for well, years. Think hard about what you're getting into, this debt will hound you to your grave (if necessary) until it's paid off. They can garnish your income/ benefits in ways you never thought possible (see last link).

In all likelihood I'm going to be going to PT school for >35,000k or free from a top 50 or better school depending on how these next few months play out. If there's a will there's usually a way.

 

[Liquidrats]

Hefe> you've officially scared the bejeezus out of me. Thanks for all the links. I'm thinking state school.
jbizzle> $1,700/month for 10 years, $1,400 if you stretch it out to 20 (and pay an additional $80K in interest. $80K!!!)