I(22F) am planning to start an accelerated LVN nursing program in the next year. My school wants me to start in 5 months but with my current situation I might push my start date in order to save money.
So for FAFSA I qualified for $7,300 in Pell Grant, $9,500 in Federal Direct Loans, and I have about $2,500 leftover from a 529 savings account.
Tuition is $24,000,
after my grant & 529 its $14,200
So $9,500 in loans will keep me afloat a while,
but what Im trying to figure out is, how I will come up with money if I plan to not work and go to school full time.
The school will want cash flow each semester is my understanding (I've never been to college idk), they told me they have monthly payment plans but with no income I won't have anything.
My bf is covering our rent thankfully, so I just have to worry about my gas and car insurance.
I only have $1000 savings to my name so im starting to think I should put school off so I can save up money to be able to coast along in school without working, any advice?
How can I avoid payments during school?
byu/Working_Matter6441 inStudentLoans
Posted by Working_Matter6441
3 Comments
Saving more is definitely a good plan. Is this your local, public community college? This seems expensive for this program to me. If it isn’t a local, public school–why not? Glancing at public programs for this near me, estimates are more like $10k, max, for tuition.
Yes. Student loan payments can be paused while you’re in school. Unsubsidized loans still accrue interest.
This is not answering your question directly, but I would highly encourage you to do an RN program vs LVN. You will have significantly more opportunities and earning potential as an RN, and your tuition here is higher than some ADN (RN) programs near me.