Paying rent/tuition etc...

[jchen707]

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So I was wondering, how are PT students paying for rent? I'm going into PT school straight from undergrad (hopefully, if i get in somewhere this cycle), and was wondering how students like me are paying for their rent. I have a job on campus as a tutor, so I don't make THAT much money, and I saved up a couple thousand (~4k ish) from the job I worked last summer. This summer i'm taking classes and don't have a job. Are there loans you can take out to pay for rent, kind of like for tuition/does the financial aid cover some of it?

Any advice would be appreciated!

 

[Hopein2010]

So I was wondering, how are PT students paying for rent? I'm going into PT school straight from undergrad (hopefully, if i get in somewhere this cycle), and was wondering how students like me are paying for their rent. I have a job on campus as a tutor, so I don't make THAT much money, and I saved up a couple thousand (~4k ish) from the job I worked last summer. This summer i'm taking classes and don't have a job. Are there loans you can take out to pay for rent, kind of like for tuition/does the financial aid cover some of it?

Any advice would be appreciated!

There is a forum on this website dedicated to financial aid. I would try there for advice as well 👍

 

[Litlwarrior08]

I am currently applying for the Fall 2012 entry cycle and share your concern. I have only skimmed the surface so far since my first concern is getting my GPA up, applying and getting accepted. I have only worked summers as a lifeguard and have about $18,000 saved which sounds good but that does not cover one year. How far can that go even w/ gov. loans? We have to eat, and pay rent if not living w/ parents.
Call / or visit your campus of interest FA office. When I asked I was told to fill out a FAFSA (ASAP-opens January 2012 for 2012-13 school year) but there are no Financial Aid (grants-free money) per say for grad school. Your FAFSA provides info so you can take the subsidized or unsub. loans (usually both) They are capped per year. Think it was $20.500 per year. Which barely covers the COA (cost of attendance-tuition + ) I was also told that I could appy for FAFSA as an "independent student" even though I am under 24. The Gov. keeps changing the rules. W/ sub loans you start paying back 6 months after you complete or leave the program, the unsub. loans you pay the interest while attending school, etc. Think the interest is not at 6.8% which I feel is high. Check the FAFSA site for more info. You can also get private loans through banks. FAFSA http://www.fafsa.ed.gov/ here is a bank site https://www.studentloan.com/privatestudentloans/citiassistgraduateloans.htm

this site has a lot of info as well. pulled it off of APTA. http://www.medebtsolutions.com/submenu.php?m_id=4&subid=1
Be careful... many organizations would love to have your $$$ interest/payment. Haven't figured out how to sort the good eggs. Lots of info out there once you start the search.

I keep hearing "I owe, I owe-it's of to grad school I go".
Good luck

 

[CherokeeWahine]

Most grad students take the Grad Plus loan to cover what the subsidized/unsubsidized Stafford loans do not cover (housing, food, etc.). Idk about the programs you're applying to, but with Puget Sound (my top choice), you can apply through FAFSA for the Stafford loans and apply for the Grad Plus loan through your school account.

 

[DancerFutureDPT]

What they said...most schools have a "cost of attendance" that takes into account not just tuition, but average rent rates for a 1-bedroom apartment in the area, food, books, health insurance, buying a computer for the first years, etc...for us, there was an extra $30,000 awarded in the financial aid package for that (gotta love schools in downtown Chicago where a 1-bedroom apartment is $1300/month haha). Obviously, not everyone lived in a place like that (my 1 bedroom in a 4 bedroom apartment was $600/month farther away from downtown), so you don't have to take out the full amount, but you can if you want.

I had some money in savings from various sources (money I'd saved from working during high school and college, money I got when my grandparents died, etc.), which I used to cover those expenses because I didn't want to pay interest on my apartment rent.

Long story short, the school FA office should have you covered.