Is it easy to get a student loan to one of the Big Three?

1. Is it easy to get a student loan to one of the Big Three?

2. Is there anything I can do to increase my chances?

3. Any advice would be appreciated.

Thanks.

 

Excelsior has a financial aid page here
https://www.excelsior.edu/Excelsior_College/Financial_Aid_and_Costs/Aid_Scholarships_and_Benefits

But if you are earning credit and paying fees at other schools (with intent to transfer credit later) then applying for financial aid may be a problem.

 

Call me a meathead, but what are the 'big 3'?

 

Are you talking about a federal student loan? If so, it's not at all difficult to get one.

As long as the school offers federal financial aid, you will qualify for a federal student loan so long as you:
1) are enrolled in a degree seeking program (no loans for continuing ed students);
2) are enrolled at least 1/2 time as defined by the school;
3) are not delinquent on previous student loans; and
4) have not reached the federal limit on loan funds (it's about $138,000 for grad students; I don't recall the undergrad limit off-hand).

The amount of the loan will depend on your grade level/degree level, your enrollment plans, and your cost of attendance. But as long as you meet the 4 criteria above, you will qualify.

If you are talking about a private student loan, those are dependent upon credit worthiness, etc., and are a whole different animal.

 

As easy as it would be for any other institution. There are several varieties of student loans, subsidized, unsubsidized, private, etc...

Don't default on existing student loans or other debt.

My understanding of your situation is that you only want to take two classes through TESC. If at all possible, I would try to treat your education as a pay-as-you-go endeavor. Check and see if there are other sources of funding you haven't considered like tuition reimbursement through your job, working a few shifts a week delivering pizza, selling some extra junk from around the house on eBay/Craigslist, etc.

When I decided to go back to school, I decided I would do it debt-free. Towards that end, I made a lot of sacrifices, but I was able to do both my BSBA and MBA without any debt. I did have to make a two-year commitment to the employer who paid for the MBA, but that is expiring this year, and my classmates who funded their degrees through loans will be paying them back for years to come.

You're welcome. Best of luck!

 

Excelsior
https://www.excelsior.edu/

COSC
http://www.charteroak.edu/

TESC
http://www.tesc.edu/

All three are regionally accredited colleges. Many posters to Degreeinfo have a degree from one of these colleges. I used mine to get into graduate programs.

 

And they are all state schools!!

 

Excelsior has been a private school since 1998.

 

Your employer paid the entire cost of an MBA from Duke? The entire cost of that program for 2009 is $115,500...

Can I ask who your employer is?

I get $5,000/year from my employer and that is why I went with JSU...Tuition reimbursement is an often overlooked employee benefit...